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A surprise awaited Financial Planning editors and reporters when we scrutinized data that guides our annual RIA Leaders list. More than a third of the nation’s largest RIAs lost assets under management over the previous year, including many of the largest firms. Is this the beginning of decumulation? Or merely a confluence of other factors, including market performance? Click through the images above to see how the RIA Leaders stack up, and read our feature story, “Top RIAs lose ground,” written by Senior Editor Ann Marsh, for more insight and answers.

As with previous years, our 6th Leaders ranking makes every effort to exclude firms with conflicts of interest, such as broker-dealer and insurance company affiliations. You can see our methodology here.