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Top 10 RIA Firms in the New York Metro Area

By: Tim Dolan, Vice President, Institutional Sales

One of the biggest problems when selling to the RIA (Registered Investment Adviser) marketplace is the sheer size of the channel. The RIA marketplace across the United States consists of over 36,000 firms, which means that while there are plenty to choose from when looking for new clients, shrinking the list down to only those that allocate to outside managers is key. For example, here at Dakota, where we’ve raised over $6 billion from over 350 RIAs, and we qualify and curate our list to only RIAs that allocate to outside managers (which are the firms we sell for).

In an effort to help narrow down the sheer size of the market, we’ve put together a list of the top 10 RIAs in each major metro area across the country. To determine our list, we looked for three things:

  1. An AUM above $200 million
  2. A dedicated analyst team
  3. An RIA that actively allocates capital to outside investment management firms

We have qualified 72 RIAs with AUMs ranging from $90M to $107B in New York City that meet our criteria. We actively call on these RIAs, and all 72 are in our “shared CRM database,” Dakota Marketplace. Below are the top 10 RIAs from that list. However, this is by no means a “best of” list, as there are so many high quality RIAs in New York and around the country. We just wanted to give you a place to start.  

1. Bessemer Trust

AUM: $107,000,000,000

2. Brown Advisory

AUM: $70,000,000,000

3. Silvercrest Asset Management

AUM: $25,070,080,21

4. Cerity Partners

AUM: $24,682,540,139

5. Rockefeller Capital Management

AUM: $19,100,000,000 

6. BBR Partners LLC

AUM: $17,886,900,000

7. Wealthspire Advisors

AUM: $10,000,000,000


8. TAG Associates LLC

AUM: $8,349,620,000

9. Manchester Capital Management LLC

AUM: $4,164,263,781

10. New Providence Asset Management LLC

AUM: $2,836,607,041

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