September 25, 2025
RIAs are one of the most dynamic and fast growing channels for investment firms to call on when fundraising. The challenge has always been: “what RIAs invest in outside managers and are not investment managers themselves?”
Through our dakota marketplace database of RIAs, we have aimed to solve that problem by curating and vetting each RIA by hand and only showing those RIAs that are true prospects for an investment firm. This saves both the investment sales team member time, but also saves the “other” RIAs that don’t allocate to other managers from getting unnecessary emails and phone calls.
Below are a few RIAs in Cleveland that we thought you might like to know. For a more detailed list of RIAs in Cleveland, click here to see for free.
AUM: $29.63B
MAI Capital Management is an RIA specializing in Multi Family Office services. The firm is headquartered at 6050 Oak Tree Blvd. Suite 500, Cleveland, OH, operating within the Cleveland metro area. Established in 1973, MAI Capital Management caters to high net worth individuals, ultra-high net worth families, financial advisors, and institutional investors.
Managing an AUM of $29.63B, MAI Capital Management offers a comprehensive suite of wealth management services. The firm's approach includes utilizing iCapital for alternative investments access and management, ensuring tailored investment solutions for its diverse clientele.
AUM: $23.03B
Sequoia Financial Group is an RIA specializing in Multi Family Office services. The firm is headquartered at 3500 Embassy Parkway, Suite 100, Akron, OH, operating within the Cleveland metro area. Known for providing comprehensive financial services, Sequoia offers financial planning, asset management, estate and insurance planning, corporate 401(k)/retirement plan guidance, and more.
Sequoia Financial Group manages an AUM of $23.03B. The firm focuses on strategic growth through acquisitions, such as Zeke Capital Advisors and Cirrus Wealth Management. With an emphasis on tailored wealth management solutions and new investment strategies, including both liquid and illiquid alternative asset classes, Sequoia remains dedicated to delivering expert financial management to a diverse client base.
3. Sequoia Financial Group (GP)
AUM: $15B
Sequoia Financial Group (GP) operates with a focus on wealth management services. The firm is located at 3500 Embassy Parkway Suite 100, Akron, OH, and serves clients in the Cleveland metro area.
With an AUM of $15B, Sequoia Financial Group is dedicated to enriching the lives of individuals and families by assisting them in advancing their chosen future. The firm emphasizes client service across various wealth segments, reflecting a comprehensive approach to financial management.
4. CBIZ Investment Advisory Services, LLC
AUM: $10.49B
CBIZ Investment Advisory Services, LLC operates as a Registered Investment Adviser (RIA) with a focus on providing fiduciary advisory services. The firm is headquartered at 5959 Rockside Woods Blvd N, Suite 600, Cleveland, OH, and serves the Cleveland metro area. It offers a comprehensive suite of services to retirement plans, foundations, endowments, trusts, and individuals, emphasizing compliance, governance, and long-term outcomes through its multidisciplinary infrastructure.
The firm manages an AUM of approximately $10.49B. CBIZ Investment Advisory Services integrates investment consulting, retirement plan governance, fiduciary education, and financial well-being services, utilizing proprietary tools and expertise to support institutional and individual clients. Its commitment to professional standards is evidenced by certifications from CEFEX and DALBAR ERISA 3(38), reflecting its dedication to best practices in the advisory landscape.
5. Carnegie Investment Counsel
AUM: $6.52B
Carnegie Investment Counsel is an RIA specializing in Multi Family Office services. Situated at 30300 Chagrin Boulevard, Pepper Pike, OH, the firm operates within the Cleveland metro area. Their comprehensive financial offerings include investment management, financial and retirement planning, estate planning, and tax strategies, tailored to individuals, families, and institutions.
Carnegie Investment Counsel manages an AUM of $6.52B, focusing on customized portfolios aligned with client objectives. Their client-centric approach emphasizes long-term relationships and personalized financial strategies. Additionally, they provide charitable planning and business retirement services, demonstrating a commitment to helping clients achieve their financial goals.
6. Key Investment Services LLC
AUM: $6.11B
The organization Key Investment Services LLC functions as a RIA specializing in personalized investment planning services. Situated at 4900 Tiedeman Rd, Brooklyn, OH, the firm operates within the Cleveland metro area. Key Investment Services collaborates with clients to develop tailored investment strategies, closely monitoring progress and making adjustments as necessary to align with individual financial objectives. The firm's approach primarily involves the use of ETFs and separately managed accounts.
With an AUM of $6.11B, Key Investment Services LLC, under KeyBank, prioritizes promoting equitable financial outcomes for clients and communities. This initiative includes eliminating non-sufficient fund fees, reducing overdraft fees, and enhancing financial management measures to offer enhanced convenience and flexibility to clients. These changes are anticipated to be implemented by late 2022, reflecting the firm's commitment to supporting clients in achieving their financial goals effectively.
AUM: $4.91B
Stratos Wealth Advisors is an RIA specializing in Multi Family Office services. The firm is headquartered at 3750 Park East Drive Suite 200, Beachwood, OH, operating within the Cleveland metro area. Founded in 2008 by Jeffrey Concepcion, Stratos Wealth Partners offers a flexible and independent platform for financial advisors, managing over $20 billion in assets.
With a national network of 300+ financial advisors across 26 states, Stratos emphasizes advisors' autonomy in building business models while providing shared resources and a collaborative peer network. The firm manages substantial assets across various divisions, with total AUM amounting to $4.91B as of December 31, 2023, across its different entities like Stratos Wealth Partners, Stratos Investment Management, Stratos Wealth Advisors, and Stratos Wealth Management (LPL Financial).
AUM: $4.85B
TFO Wealth Partners is an RIA specializing in Multi Family Office services. The firm is situated at 1440 Arrowhead Drive, Maumee, OH, operating within the Cleveland metro area. TFO Wealth Partners offers a comprehensive investment management approach that integrates traditional and alternative investments to align with clients' unique financial goals and risk profiles.
With total assets under management (AUM) amounting to $4.85B, TFO Wealth Partners caters to high-net-worth and ultra-high-net-worth families through its Family Office Partners entity. Their services encompass investment advisory, tax consulting, estate and wealth transfer planning, family governance, and education, all aimed at empowering families to thrive by connecting wealth with purpose.
AUM: $4.85B
One Seven is an RIA specializing in Multi Family Office services. The firm is headquartered at 24400 Chagrin Boulevard, Suite 200, Beachwood, OH, operating within the Cleveland metro area. One Seven focuses on providing discretionary investment management services to clients, tailoring portfolios with diversified mutual funds, ETFs, individual stocks, and fixed income securities.
One Seven manages an AUM of $4.85B. The firm prides itself on offering unique and holistic financial solutions beyond traditional wealth management practices. In February 2023, One Seven expanded its reach by acquiring TruClarity Wealth Advisors in St. Petersburg, FL, backed by Merchant Private Equity, showcasing a commitment to growth and client-centric service.
10. Ancora Retirement Plan Advisors
AUM: $4.48B
Ancora Retirement Plan Advisors is an RIA specializing in Multi Family Office services. The firm is situated at 6060 Parkland Boulevard, Suite 200, Cleveland, OH, operating within the Cleveland metro area. It offers portfolio management for individuals and small businesses, focusing on personalized service across private wealth, asset management, insurance, and retirement plans.
Ancora Retirement Plan Advisors manages an AUM of $4.48B. As part of Ancora Holdings Group LLC, the firm upholds integrity and honesty in client-focused investment management, wealth advisory, and insurance services. Their approach emphasizes teamwork, excellence, accessibility, humility, and accountability, fostering a culture of entrepreneurial spirit within the organization.
To see a full list of RIAs in Cleveland or other metros, book a demo of dakota marketplace.
Morgan Holycross is a Marketing Manager at Dakota.
