The total client assets of the top 50 fastest-growing registered investment advisor firms ranked by SmartAsset have more than doubled over the past three years.

The top 50 had $344 billion in client assets as of March 2022, up 132% from the $148.3 billion that those in the list had in 2019, according to SmartAsset, a lead generation platform for financial professionals.

This year’s top 50 also have 260,000 more accounts, up 155%, compared with those in the list three years prior.

California and New York emerged as the states with the greatest number of RIA firms in this year’s top 50 ranking, having six each in those locations.

Using data from Securities and Exchange Commission filings, SmartAsset examined growth according to four metrics: the number of client accounts of RIA firms over one- and three-year intervals as well as assets under management over the same time periods.

Each firm's ranking for the four metrics were averaged, giving them equal weight. The report excluded firms which have taken part in mergers and acquisitions since 2019.

The headquarters of four of the top 10 fastest growing RIA firms are in Atlanta and the San Francisco region.

Specifically, these are Aprio Wealth Management and BIP Wealth in Atlanta and Fort Point Capital Partners and Main Street Research in the Bay Area.

Integrated Wealth Concepts was the fastest growing RIA firm for the second year in a row in SmartAsset’s ranking, reporting over $7.8 billion in client assets as of March.

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