September 12, 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 Denver that we thought you might like to know. For a more detailed list of RIAs in Denver, click here to see for free.
AUM: $60.26B
Mercer Advisors is an RIA specializing in Multi Family Office services. The firm is headquartered at 1200 17th Street Suite 500, Denver, CO, and operates within the Denver metro area. Established with an emphasis on a factor-based approach, Mercer Global Advisors manages approximately $60.26B in AUM, focusing on tailored investment strategies for clients with assets ranging from $5-7 million.
The firm's investment platform, centered on the Envestnet system, integrates a diverse range of models emphasizing tax efficiency and return goals. Mercer's portfolio strategy includes a significant allocation to DFA and factor investing, complemented by liquid alternatives and private fund management for accredited investors. Notably, Mercer Advisors has expanded its presence through strategic acquisitions, with recent additions including Cordasco Financial Network in Philadelphia and Naples, further enhancing its comprehensive wealth management offerings.
2. Innovest Portfolio Solutions
AUM: $35B
Innovest Portfolio Solutions is an RIA specializing in Multi Family Office services. The firm is headquartered at 4643 South Ulster Street Suite 1040, Denver, CO, operating within the Denver metro area. Innovest prioritizes stewardship in investment consulting, focusing on client objectives and resources, with an investment philosophy centered on consistent, disciplined approaches and risk management strategies.
The firm manages approximately $35 billion in assets under advisement, offering a diverse range of services to benefit plans, nonprofits, families, family offices, and high net worth individuals. Innovest integrates forward-looking market evaluations with client-specific goals, emphasizing diversification, active/passive strategies, and low-cost, tax-efficient products. Additionally, the firm provides Outsourced Chief Investment Officer Services tailored to individual preferences, ensuring a customized approach to investment management.
AUM: $8.96B
Arax Advisory Partners operates as a Registered Investment Advisor (RIA) based in Denver, CO. The firm specializes in providing customized investment advice, wealth planning, and asset management services to high-net-worth families, individuals, institutions, and niche markets such as professional athletes. Its operations are supported by a multi-boutique RIA platform within the Arax Investment Partners ecosystem, which benefits from centralized infrastructure and compliance services.
The firm manages an AUM of $8.96B. Arax Advisory Partners offers access to alternative investments including private capital and private equity, aimed at enhancing portfolio diversification for its sophisticated clientele. The platform's focus on multigenerational wealth planning and strategic scale aligns with its commitment to serving diverse client needs effectively.
AUM: $8.3B
AMG National Trust Bank, an RIA, caters to high net worth individuals, executives, and business owners, with divisions targeting different client segments. Situated at 6501 East Bellview Avenue Suite 400, Englewood, CO, the bank operates in the Denver metro area. With over 45 years of experience, AMG remains dedicated to assisting clients in achieving their financial goals through tailored guidance and unbiased investment counsel. The bank manages assets totaling $8.3 billion and boasts a 95% satisfaction rating in recent client surveys, affirming its commitment to client success. AMG National Trust Bank offers a diverse range of investment opportunities, including the Cupola family of funds, specializing in venture capital, private equity, real estate, and energy investments. The bank's internal strategies encompass ACM All cap equity and ACM managed foreign equity, overseen by Spencer Anderson. Utilizing efficient frontier modeling for asset allocation, AMG provides access to unique investment opportunities with lower minimums. With a global dividend strategy and various equity offerings, AMG's comprehensive approach caters to a wide array of client needs in the financial market.
AUM: $7.32B
SRS Capital Advisors is an RIA specializing in Multi Family Office services. The firm is situated at 600 Grant Street Suite 650, Denver, CO, and operates within the Denver metro area. Known for providing customized investment platforms and sophisticated wealth planning solutions, SRS Capital Advisors was acquired by Arax Investment Partners in June 204 and continues to operate under its own brand.
SRS Capital Advisors manages an AUM of $7.32B, offering asset management services with a focus on customized portfolio construction, tax-aware investing, and proprietary asset allocation methodology. Their integrated financial planning includes insurance, tax planning, retirement planning, liability management, services for business owners and executives, and family office services.
AUM: $5.80B
1888 Investments, LLC is an RIA specializing in Multi Family Office services. The firm is headquartered at 1401 Lawrence Street, Denver, CO, and operates within the Denver metro area. With a focus on illiquid portfolio investments, including direct investments, co-investments, and general partnerships, 1888 Investments targets various industries and private equity funds.
1888 Investments manages an AUM of $5.8B. The firm predominantly engages in direct investments, limiting external manager opportunities. Its investment strategy centers on a diversified illiquid portfolio, reflecting a commitment to strategic, hands-on investment approaches.
AUM: $5.80B
Aspen Grove Capital is an RIA specializing in Multi Family Office services. Situated at 90 Benchmark Road Suite 201, Avon, CO, the firm is located within the Denver metro area. Aspen Grove Capital offers comprehensive investment management advice, wealth planning, and family office services, along with access to a range of alternative investments, including private equity, real estate, hedge funds, and MLPs. The firm manages a significant AUM of $5.8B, investing across various asset classes, including alternatives like private equity, real estate, and hedge funds. Aspen Grove Capital's services cater to high net worth families, providing tailored financial solutions and diversified investment opportunities within the Vail Valley.
AUM: $3.91B
IWP Family Office is an RIA specializing in Multi Family Office services. Situated at 2719 East 3rd Avenue, Denver, CO, the firm acts as a financial hub for families, offering comprehensive wealth management solutions. With a total AUM of $3.91B, IWP focuses on real estate, debt, credit investments, private equity, and hedge funds, particularly favoring boutique, smaller managers.
At IWP Family Office, clients benefit from a single, fixed fee structure that ensures objective and unbiased wealth stewardship. The firm's clientele boasts a combined net worth exceeding $1.5 billion, enabling access to unique investment opportunities and institutional-level services. By representing a select number of families, IWP remains agile in addressing the day-to-day complexities of their clients' dynamic lives, emphasizing personalized and attentive financial management.
AUM: $3.62B
Pathstone - Denver is an RIA specializing in Multi Family Office services. Situated at 1048 Pearl Street Suite 450, Boulder, CO, the firm's operations extend to the Denver metro area. Crestone Capital Advisors, acquired by Pathstone, manages an AUM of $3.62B with a strategic emphasis on internal private real estate holdings, substantial allocations to private equity and private credit, and a preference for boutique investment strategies.
The firm's alternative research team, led by Miles Cooke in San Francisco, drives comprehensive due diligence on private alternatives, particularly in private equity, venture capital, and direct real estate investments. Crestone's distinctive approach favors concentrated, fundamental managers, and showcases expertise in navigating complex alternative investment landscapes, positioning the firm as a forward-thinking player in the wealth management arena.
AUM: $3.38B
Transform Wealth is an RIA specializing in Multi Family Office services. The firm is situated at 6400 South Fiddlers Green Circle Suite 1600, Greenwood Village, CO, operating within the Denver metro area. As part of the Focus Financial partnership, Transform Wealth offers fee-only, comprehensive financial planning and investment advisory services, emphasizing customized investment strategies that may include alternative investments based on client preferences. With an AUM of $3.38B, Transform Wealth's investment approach focuses on diversification, cost-efficiency, and tax considerations. The firm has acquired several advisory businesses, such as Strategic Capital Advisors, Weatherstone Capital Management, and First Houston Capital, to enhance its service offerings. Additionally, Transform Wealth integrates alternative investments, particularly evergreen/interval funds, and collaborates with CAIS and iCapital for further alternative research support.
To see a full list of RIAs in Denver or other metros, book a demo of dakota marketplace.
Morgan Holycross is a Marketing Manager at Dakota.
