RBC
$172B reported client assets across 138 advisory firms in FY2025 annual amendments
Reported client assets over time
$52.1B
$160B
2017
2025
Same-firm comparison: 116 firms that reported RBC in both FY2024 and FY2025 annual amendments (ADV Item 5.K.(3)). Fiscal years come directly from the SEC filing-type table; filing dates are not used as a year-end proxy. 2017, 2018, 2019, 2020, 2021 are shown but partial — only FY2017: 44 cohort firms, FY2018: 63 cohort firms, FY2019: 66 cohort firms, FY2020: 77 cohort firms, FY2021: 84 cohort firms.
| Advisory firm | RAUM at custodian | Firm total AUM | Share | As of |
|---|---|---|---|---|
| Wealthfront Advisers Llc | $42.1B | $42.9B | 98.0% | 10/07/2025 |
| Beutel, Goodman & Company Ltd. | $15.6B | $36.1B | 43.2% | 03/30/2026 |
| Burgundy Asset Management Ltd. | $12.0B | $19.1B | 62.9% | 01/28/2026 |
| Connor Clark & Lunn Investment Management Ltd | $10.4B | $85.6B | 12.1% | 03/31/2026 |
| Meag New York Corporation | $8.7B | $44.9B | 19.4% | 03/27/2026 |
| Letko, Brosseau & Associates Inc. | $7.8B | $18.8B | 41.5% | 12/19/2025 |
| Rbc Private Counsel (Usa) Inc. | $7.1B | $7.9B | 90.3% | 01/27/2026 |
| Aviva Investors Canada Inc. | $7.1B | $9.2B | 77.8% | 03/11/2026 |
| Canso Investment Counsel Ltd. | $5.3B | $44.4B | 11.9% | 09/26/2025 |
| Cibc Asset Management Inc. | $5.0B | $163B | 3.1% | 01/22/2026 |
| Ns Partners Ltd | $3.7B | $5.9B | 63.3% | 03/31/2026 |
| Marshfield Associates, Inc. | $3.5B | $8.1B | 42.5% | 03/27/2026 |
| Alamo Advisors, Lp | $3.2B | $3.9B | 82.8% | 03/08/2026 |
| Addenda Capital Inc. | $2.5B | $29.0B | 8.6% | 03/30/2026 |
| Gregory J. Schwartz & Co., Inc. | $2.4B | $10.5B | 22.9% | 03/30/2026 |
| Manitou Investment Management Ltd. | $1.5B | $2.4B | 63.9% | 03/30/2026 |
| Icg Advisors, Llc | $1.5B | $7.9B | 19.3% | 03/18/2026 |
| Blackstone Alternative Asset Management L.P. | $1.4B | $92.0B | 1.6% | 03/30/2026 |
| Azimuth Capital Investment Management Llc | $1.3B | $4.0B | 31.8% | 03/31/2026 |
| Mcdonald Partners Llc | $1.2B | $1.3B | 97.1% | 03/24/2026 |
| Andersen Tax Llc | $939M | $6.3B | 14.8% | 03/30/2026 |
| Mcmillan Office, Inc. | $890M | $914M | 97.4% | 03/25/2026 |
| Guardian Capital Lp | $879M | $10.7B | 8.2% | 03/31/2026 |
| Triasima Portfolio Management Inc. | $872M | $1.1B | 78.9% | 03/25/2026 |
| Lanark Financial, Inc. | $868M | $1.8B | 48.6% | 03/26/2026 |
| Rodgers Brothers, Inc. | $868M | $1.0B | 83.7% | 03/20/2026 |
| Mcdonald Capital Investors Inc | $778M | $1.9B | 41.9% | 03/30/2026 |
| Sprott Asset Management Usa Inc. | $691M | $10.1B | 6.8% | 03/24/2026 |
| Oxbow Advisors, Llc | $679M | $2.5B | 27.5% | 02/20/2026 |
| The Oak Ridge Financial Services Group, Inc | $669M | $669M | 100.0% | 12/23/2025 |
| Mackenzie Financial Corporation | $652M | $195B | 0.3% | 03/30/2026 |
| American Independent Securities Group, Llc | $636M | $986M | 64.5% | 03/31/2026 |
| Pcj Investment Counsel Ltd. | $615M | $924M | 66.5% | 03/31/2026 |
| Thornburg Investment Management Inc | $581M | $54.5B | 1.1% | 03/27/2026 |
| First Kentucky Securities Corporation | $565M | $566M | 99.8% | 12/02/2025 |
| Saxon Woods Advisors Llc | $552M | $670M | 82.5% | 03/30/2026 |
| Strengthening Families & Communities, Llc | $542M | $610M | 88.8% | 03/20/2026 |
| Cliffwater Llc | $475M | $48.5B | 1.0% | 03/30/2026 |
| Birinyi Associates, Inc. | $472M | $472M | 100.0% | 02/19/2026 |
| Lazard Asset Management (Canada)inc | $445M | $2.3B | 19.5% | 03/31/2026 |
| Hillsdale Investment Management Inc. | $445M | $7.8B | 5.7% | 03/30/2026 |
| Corundum Group, Inc. | $434M | $1.7B | 25.6% | 03/17/2026 |
| Orion Investment Co | $425M | $444M | 95.7% | 06/26/2025 |
| Comgest Asset Management International Limited | $424M | $13.7B | 3.1% | 12/19/2025 |
| Sb Advisory, Llc | $405M | $405M | 100.0% | 05/14/2025 |
| Greenberg Financial Group | $405M | $407M | 99.4% | 02/23/2026 |
| Cascade Investment Group, Inc. | $379M | $420M | 90.4% | 03/23/2026 |
| Financial Advisory Partners, Llc | $378M | $378M | 100.0% | 03/12/2026 |
| Fortwood Capital Lp | $367M | $513M | 71.5% | 03/31/2026 |
| Isc Advisors, Inc. | $347M | $1.6B | 21.5% | 03/24/2026 |
| Monetary Management Group Inc | $343M | $492M | 69.7% | 07/29/2025 |
| Global Alpha Capital Management Ltd. | $304M | $6.3B | 4.8% | 03/31/2026 |
| First Light Asset Management, Llc | $303M | $1.4B | 21.5% | 03/24/2026 |
| Kingswood Wealth Advisors, Llc | $298M | $3.8B | 7.8% | 03/26/2026 |
| A.G.P. / Alliance Global Partners, Llc | $290M | $2.3B | 12.6% | 09/30/2025 |
| Granite Group Advisors, Llc | $286M | $830M | 34.4% | 03/26/2026 |
| Empire Financial Management Company, Llc | $283M | $706M | 40.1% | 02/26/2026 |
| Pyrford International Ltd | $257M | $7.1B | 3.6% | 03/26/2026 |
| 17 Capital Partners, Llc | $239M | $246M | 97.1% | 03/31/2026 |
| Alexander Capital Wealth Management Llc | $238M | $238M | 100.0% | 03/19/2026 |
| Sterling Capital Management Inc | $236M | $297M | 79.6% | 03/24/2026 |
| Buckman Advisory Group Llc | $236M | $277M | 85.2% | 04/01/2026 |
| Strategic Planning Group, Inc. | $219M | $219M | 100.0% | 03/10/2026 |
| Bristol Gate Capital Partners Inc. | $216M | $2.1B | 10.4% | 05/23/2025 |
| Kbi Global Investors (North America) Ltd | $214M | $1.7B | 12.9% | 03/27/2026 |
| Parkstone Wealth Management, Llc | $211M | $211M | 100.0% | 03/20/2026 |
| F&V Capital Management, L.L.C. | $210M | $558M | 37.6% | 02/11/2026 |
| Granite Investment Partners, Llc | $209M | $1.8B | 11.3% | 03/30/2026 |
| Ballast Capital Advisors Llc | $209M | $329M | 63.5% | 03/02/2026 |
| Thompson Davis & Co., Inc. | $204M | $211M | 96.7% | 03/31/2026 |
| Jag Capital Management Llc | $202M | $1.9B | 10.6% | 03/25/2026 |
| Gables Capital Management Inc | $199M | $439M | 45.3% | 03/23/2026 |
| Cl Wealth Management Llc | $195M | $734M | 26.5% | 03/17/2026 |
| First American Asset Advisory, Llc. | $194M | $192M | 101.3% | 03/31/2026 |
| Global Strategic Management Inc | $194M | $222M | 87.4% | 03/30/2026 |
| Jlb & Associates Inc | $184M | $893M | 20.6% | 03/25/2026 |
| Alpenglobal Capital, Llc | $182M | $184M | 98.7% | 03/13/2026 |
| The August Group Capital Limited | $181M | $740M | 24.5% | 03/13/2026 |
| Asia Pacific Financial Management Group, Inc. | $167M | $304M | 54.9% | 03/30/2026 |
| Van Clemens Wealth Management, Llc | $166M | $470M | 35.4% | 02/25/2026 |
| Black Creek Investment Management Inc. | $159M | $7.1B | 2.2% | 01/02/2026 |
| Outfitters Financial Llc | $158M | $158M | 100.0% | 03/24/2026 |
| Jack V. Butterfield Investment Company | $158M | $158M | 100.0% | 02/12/2026 |
| Wellington Altus Usa Inc. | $146M | $146M | 100.0% | 02/09/2026 |
| Perkins Capital Management Inc | $137M | $139M | 98.3% | 03/26/2026 |
| Bmb Advisers Llc | $136M | $656M | 20.8% | 03/29/2026 |
| Sarasin Asset Management Limited | $128M | $555M | 23.1% | 03/19/2026 |
| Union Capital Company | $123M | $150M | 82.0% | 03/30/2026 |
| Doucet Asset Management, Llc | $121M | $121M | 100.0% | 03/19/2026 |
| Renaissance Holdings, Llc | $119M | $151M | 78.9% | 03/02/2026 |
| Savoie Capital Llc | $114M | $1.3B | 8.6% | 04/01/2026 |
| W. H. Reaves & Co., Inc. | $112M | $5.9B | 1.9% | 02/10/2026 |
| Nixon Capital Llc | $110M | $390M | 28.3% | 03/05/2026 |
| Partners Capital Services, Inc. | $109M | $109M | 100.0% | 02/27/2026 |
| Oakwood Capital, Inc. | $108M | $304M | 35.6% | 03/30/2026 |
| International Assets Investment Management, Llc | $104M | $2.6B | 4.1% | 01/30/2026 |
| Thomas J. Herzfeld Advisors, Inc. | $102M | $890M | 11.5% | 03/30/2026 |
| Regal Advisory Services, Inc. | $102M | $121M | 83.7% | 03/19/2026 |
| Hohimer Wealth Management, Llc | $101M | $1.3B | 8.0% | 03/31/2026 |
| Gradient Securities, Llc | $100M | $608M | 16.5% | 03/31/2026 |
From Form ADV Schedule D 5.K.(3): custodians named at the 10%-of-SMA-assets threshold, with reported dollar amounts. "Share" is reported amount as a share of the firm's total regulatory AUM.