The wealth management industry has grown significantly throughout the past decade and many financial advisors think it will continue to grow. In fact, about 93% of financial advisor firms expect growth throughout the next five years (~17% in net new AUM annually), according to a recent survey from Schwab.
In recent years, some advisors have expanded their practices more quickly than others. To identify the 50 fastest-growing financial advisor firms nationwide, SmartAsset analyzed SEC data for RIAs across four metrics: one- and three-year percent change in number of client accounts and one- and three-year percent change in AUM.
Firms were disqualified if they took part in mergers and acquisitions between March 2019 and March 2022 (to isolate organic growth), had disclosures on their Form ADV, did not offer financial planning services, did not serve individual investors or had less than $500 million in AUM as of their March 2019 SEC filing.
Canopy Wealth Management makes the list, ranking among the top 10 fastest-growing financial advisor firms in the U.S.
To learn more about Canopy Wealth Management's exact ranking, the study methodology and key findings, check out the full report here: https://link.zixcentral.com/u/dbde53e7/RPB0A_IJ7RGlyCTthnsoMg?u=https%3A%2F%2Fsmartasset.com%2Fdata-studies%2Ftop-50-fastest-growing-financial-advisor-firms-2022.