CNBC ranks the top-rated financial advisory firms of 2023

2023 RANK FIRM HQ TOTAL AUM YEARS IN THE BUSINESS ACCOUNTS UNDER MANAGEMENT 2022 RANK 1 Luther King Capital Management TX $25.3B 44 3,600 32 Luther King Capital Management 2 Heritage Investment Group FL $1.5B 30 2,002 4 Heritage Investment Group 3 Eubel Brady & Suttman OH $1.8B 29 1,760 – Eubel Brady & Suttman 4 Leavell Investment Management AL $2.4B 44 2,400 7 Leavell Investment Management 5 Dana Investment Advisors WI $6.9B 43+ 1,490 2 Dana Investment Advisors 6 Parsons Capital Management RI $1.6B 30 1,734 12 Parsons Capital Management 7 Beaird Harris TX $1.3B 27 2,852 44 Beaird Harris 8 Halbert Hargrove Global Advisors CA $2.7B 34 4,240 8 Halbert Hargrove Global Advisors 9 The Burney Company VA $2.5B 49 4,229 9 The Burney Company 10 Sheaff Brock Investment Advisors IN $1.2B 22 1,947 68 Sheaff Brock Investment Advisors 11 Pittenger & Anderson NE $2.4B 28 1,974 13 Pittenger & Anderson 12 Godsey & Gibb Wealth Management VA $1.2B 38 1,705 22 Godsey & Gibb Wealth Management 13 Wetherby Asset Management CA $7.2B 33 603 20 Wetherby Asset Management 14 Avity Investment Management CT $1.5M 53 761 29 Avity Investment Management 15 Phillips Financial IN $1.7B 19 2,648 24 Phillips Financial 16 Acropolis Investment Management MO $2.1B 20 4,030 21 Acropolis Investment Management 17 First Foundation Advisors CA $5.3B 33 4,054 33 First Foundation Advisors 18 Chilton Capital Management TX $1.8B 27 1,747 – Chilton Capital Management 19 ML&R Wealth Management TX $2B 26 3278 73 ML&R Wealth Management 20 Traphagen Financial Group NJ $1.1B 25 1,720 – Traphagen Financial Group 21 Ferguson Wellman Capital Management OR $7.7B 48 969 17 Ferguson Wellman Capital Management 22 Sage Financial Group PA $3B 34 3,567 63 Sage Financial Group 23 RTD Financial Advisors PA $2B 40 712 18 RTD Financial Advisors 24 SJS Investment Services OH $2.1B 28 919 – SJS Investment Services 25 Madison Wealth Management OH $1.1B 23 2,495 – Madison Wealth Management 26 Quest Investment Management OR $1.5B 38 93 – Quest Investment Management 27 Salem Investment Counselors NC $3.7B 44 2,600 6 Salem Investment Counselors 28 Sawgrass Asset Management FL $2.1B 25 227 – Sawgrass Asset Management 29 Retirement Resources Investment Corporation MA $1.3B 17 249 – Retirement Resources Investment Corporation 30 California Financial Advisors CA $1.6B 25 3,216 27 California Financial Advisors 31 Woodley Farra Manion IN $1.6B 28 1,156 1 Woodley Farra Manion 32 E. S. Barr & Co. KY $1.5B 30+ 848 86 E. S. Barr & Co. 33 H.M. Payson & Co. ME $6.3B 169 3,750 35 H.M. Payson & Co. 34 YCG Investments TX $1.2B 16 247 – YCG Investments 35 Scharf Investments CA $4.3B 40 6,381 – Scharf Investments 36 Van Hulzen Asset Management CA $1.4B 22 2,222 – Van Hulzen Asset Management 37 Sage Advisory Services TX $15.3B 26 4,888 – Sage Advisory Services 38 Southeast Asset Advisors GA $3.2B 30 1,296 – Southeast Asset Advisors 39 YHB Investment Advisors CT $1.5B 33 2,660 – YHB Investment Advisors 40 ZWJ Investment Counsel GA $3.5B 41 1,900 38 ZWJ Investment Counsel 41 Albion Financial Group UT $1.5B 41 2,288 3 Albion Financial Group 42 Ami Asset Management CA $1.5B 28 1,260 – Ami Asset Management 43 Lee, Danner & Bass TN $1.5B 35 950 10 Lee, Danner & Bass 44 NorthStar Asset Management MA $670M 32 503 – NorthStar Asset Management 45 Zevenbergen Capital Investments WA $4.3B 36 243 36 Zevenbergen Capital Investments 46 Foster & Motley Wealth Management OH $2B 26 816 42 Foster & Motley Wealth Management 47 Southern Wealth Management TX $2.3B 18 2,061 43 Southern Wealth Management 48 Thompson Investment Management WI $2.4B 19 779 – Thompson Investment Management 49 Trumbower Financial Advisors MD $1.6B 27 167 – Trumbower Financial Advisors 50 Wilbanks, Smith & Thomas Asset Management VA $5.2B 32 5,275 45 Wilbanks, Smith & Thomas Asset Management 51 Steele Capital Management IA $2.3B 27 3,911 49 Steele Capital Management 52 Wedge Capital Management NC $8.1B 36 258 – Wedge Capital Management 53 Eagle Global Advisors TX $1.9B 26 400 51 Eagle Global Advisors 54 Roffman Miller Associates PA $2.4B 32 1,300 54 Roffman Miller Associates 55 J.M. Forbes & Co. MA $1B 63 932 – J.M. Forbes & Co. 56 Professional Advisory Services FL $1B 46 1,169 15 Professional Advisory Services 57 Paragon Capital Management CO $1B 33 737 – Paragon Capital Management 58 Tanglewood Total Wealth Management TX $1.2B 45 1,252 – Tanglewood Total Wealth Management 59 D.F. Dent & Co. MD $8.5B 47 1,350 93 D.F. Dent & Co. 60 Conrad Siegel Investment Advisors PA $6.9B 21 873 70 Conrad Siegel Investment Advisors 61 Lee Financial TX $1.2B 48 3,500 53 Lee Financial 62 Frank, Rimerman & Co. CA $1.7B 21 356 – Frank, Rimerman & Co. 63 Guyasuta Investment Advisors PA $2B 40 1,350 37 Guyasuta Investment Advisors 64 JMG Financial Group IL $4.5B 38 4,560 61 JMG Financial Group 65 Marble Harbor Investment Counsel MA $1B 17 506 – Marble Harbor Investment Counsel 66 Evergreen Capital Management WA $3.8B 39 2,659 – Evergreen Capital Management 67 Bloom Advisors MI $1.2B 39 1,165 – Bloom Advisors 68 Manchester Capital Management VT $3.7B 30 271 23 Manchester Capital Management 69 Palisade Capital Management NJ $4.2B 33 2,199 56 Palisade Capital Management 70 Austin Asset TX $1.4B 36 425 – Austin Asset 71 Prio Wealth Management MA $3.2B 35 1,765 – Prio Wealth Management 72 Stack Financial Management MT $1.8B 29 1,526 – Stack Financial Management 73 Azzad Asset Management VA $1.3B 26 1,528 25 Azzad Asset Management 74 WBH Advisory MD $1.1B 37 2,121 – WBH Advisory 75 Jackson Thornton Asset Management AL $1.5B 24 927 88 Jackson Thornton Asset Management 76 David Vaughan Investments IL $3.9B 46 3,520 40 David Vaughan Investments 77 Obermeyer Wood Investment Counsel CO $1.8B 25 2,344 – Obermeyer Wood Investment Counsel 78 Legacy Wealth Management TN $1.9B 41 4,214 75 Legacy Wealth Management 79 Private Management Group CA $4B 38 2,500 – Private Management Group 80 Northside Capital Management OR $4.6B 24 514 – Northside Capital Management 81 Thompson, Siegel & Walmsley VA $17.5B 53 4,952 – Thompson, Siegel & Walmsley 82 FCI Advisors KS $12.8B 29 13,818 – FCI Advisors 83 Index Fund Advisors CA $4.7B 24 2,442 66 Index Fund Advisors 84 Congress Asset Management MA $10B 38 6,423 – Congress Asset Management 85 Natural Investments CA $1.8B 38 4,100 – Natural Investments 86 Wacker Wealth Partners CA $1.1B 35 707 – Wacker Wealth Partners 87 Henssler Financial GA $2.8B 36 4,001 83 Henssler Financial 88 Highland Capital Management TN $3.5B 36 850 – Highland Capital Management 89 Alta Capital Management UT $1.4B 42 1,572 – Alta Capital Managementl 90 Fiduciary Advisors MO $1.1B 23 349 – Fiduciary Advisors 91 Endurance Wealth Management RI $1B 14 778 – Endurance Wealth Management 92 Gibson Capital PA $2B 34 1,000 – Gibson Capital 93 Turtle Creek Management TX $3.1B 17 505 – Turtle Creek Management 94 Wingate Wealth Advisors MA $1B 37 645 74 Wingate Wealth Advisors 95 The Financial Advisory Group TX $1.1B 26 2,300 90 The Financial Advisory Group 96 R.M. Davis ME $5.7B 45 5,599 – R.M. Davis 97 Confluence Investment Management MO $6.9B 15 17,616 – Confluence Investment Management 98 Richard C. Young & Co. FL $1.3B 34 1,963 26 Richard C. Young & Co. 99 Investment Consulting Group IA $2.1B 33 766 – Investment Consulting Group 100 Charles D. Hyman & Co. FL $2.1B 29 956 80 Charles D. Hyman & Co.