Are you looking for a fee-only registered investment advisor (RIA) but don't know where to start? Well, you're in luck.

The Wall Street Journal releases a list of the top 40 wealth management firms annually. (For related reading, see: Shopping for a Financial Advisor)

They factored in several metrics to come up with a financial advisor ranking, including assets under management, the number of wealth managers on staff. The formula was then applied to come up with the top 40 firms. The full list, which also includes minimum and medium account size, location and contact information can be found here. (For related reading, see: Paying Your Investment Advisor: Fees or Commissions)

The ranking, which includes each firm’s web address and total assets under management, is as follows:

1. Bank of America Global Wealth and Investment Management 

U.S. Private Client AUM: $1,100bn 

2. Morgan Stanley Wealth Management 

U.S. Private Client AUM: $967bn

3. J.P. Morgan Private Bank 

U.S. Private Client AUM: $661bn

4. Wells Fargo 

U.S. Private Client AUM: $507bn

5. UBS Wealth Management 

U.S. Private Client AUM:$506bn

6. Charles Schwab

U.S. Private Client AUM: $264bn 

7. Goldman Sachs

U.S. Private Client AUM: $249.6bn

8. BNY Mellon Wealth Management 

U.S. Private Client AUM: $224bn 

9. Fidelity 

U.S. Private Client AUM: $198.5bn 

10. Northern Trust

U.S. Private Client AUM:$195.9bn

11. Raymond James Financial 

U.S. Private Client AUM:$110.3bn

12. Citigroup 

U.S. Private Client AUM:$106.8bn 

13. RBC Wealth Management 

U.S. Private Client AUM:$74.6bn

14. Bessemer Trust 

U.S. Private Client AUM: $68bn 

15. Bernstein Private Wealth Management 

U.S. Private Client AUM: $54.3

16. PNC Wealth Management 

U.S. Private Client AUM: $48.8bn

17. SunTrust Private Wealth Management

U.S. Private Client AUM: $45.1bn 

18. U.S. Bank Wealth Management 

U.S. Private Client AUM: $44.9bn 

19. Stifel Private Client Group 

U.S. Private Client AUM: $43.6bn 

20. Robert W. Bird 

U.S. Private Client AUM: $40.6bn 

21. First Republic 

U.S. Private Client AUM: $36bn 

22. BMO Private Bank 

U.S. Private Client AUM: $32.2bn 

23. LPL Financial 

U.S. Private Client AUM: $31.8bn

24. Neuberger Berman 

U.S. Private Client AUM: $29.4bn

25. Brown Brothers Harriman Private Wealth Management 

U.S. Private Client AUM: $26bn 

26. HSBC Private Bank

U.S. Private Client AUM: $25.8bn 

27. Wilmington Trust 

U.S. Private Client AUM:  $24.2bn 

28. Glenmede 

U.S. Private Client AUM: $23.8bn

29. Brown Advisory 

U.S. Private Client AUM: $23.4bn

30.Atlantic Trust Private Wealth Management 

U.S. Private Client AUM: $22.5bn 

31. Capital Group Private Client Services 

U.S. Private Client AUM: $20.2bn 

31. Fifth Third Private Bank 

U.S. Private Client AUM: $20.2bn 

33. Key Private Bank 

U.S. Private Client AUM: $18.3bn 

34. BB&T

U.S. Private Client AUM: $17.8bn 

35. Silvercrest Asset Management Group 

U.S. Private Client AUM: $16.7bn 

36. SCS Financial 

U.S. Private Client AUM: $16.6bn 

37. City National Bank 

U.S. Private Client AUM: $16.5bn

38. Janney Montgomery Scott

U.S. Private Client AUM: $16.1bn

39. Fiduciary Trust Co. International 

U.S. Private Client AUM: $14.2bn

40. William Blair & Co. 

U.S. Private Client AUM: $13.5bn 

 

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