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Private Wealth Daily · 2026 edition

The Lean 100

America’s fastest-growing independent RIAs with 25 people or fewer. No private equity. No bank parent. No acquired growth we could find. Just small firms winning clients.

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1Davidson Kahn Capital ManagementSherman Oaks, CA · 4 people302%AUM growth$103M → $415MAUM, 2024 to 2026
No. 1Each bar is a firm. Taller means faster AUM growth. Wider means more people.No. 100
104%median two-year AUM growth
7people at the median firm
$43.6Bcombined AUM
43%median client growth
30states on the list

The top ten

The ten fastest growers, ranked by AUM growth from the 2024 filing to the 2026 filing.

  1. 1Davidson Kahn Capital ManagementSherman Oaks, CA$103M → $415M302%
  2. 2Integrity Investment AdvisorsFort Collins, CO$104M → $394M277%
  3. 3Atlatl AdvisersMadison, WI$123M → $393M219%
  4. 4Moment Private WealthSaint Louis, MO$112M → $357M219%
  5. 5Alpha Solutions Investment AdvisorsSan Francisco, CA$172M → $509M196%
  6. 6Clark Asset ManagementPortsmouth, NH$457M → $1.32B190%
  7. 7Hudson Capital AdvisoryBuffalo, NY$119M → $328M175%
  8. 8Lexington Hill PartnersDallas, TX$103M → $278M169%
  9. 9Stevens Capital PartnersOmaha, NE$303M → $810M168%
  10. 10Burkholder Wealth ManagementTulsa, OK$144M → $380M164%

The full list

Ranked by AUM growth from the 2024 filing to the 2026 filing.

Region
Firm size
AUM
100 of 100 firms
  1. 1Davidson Kahn Capital ManagementSherman Oaks, CA4$415M302%AUM growth
  2. 2Integrity Investment AdvisorsFort Collins, CO4$394M277%AUM growth
  3. 3Atlatl AdvisersMadison, WI10$393M219%AUM growth
  4. 4Moment Private WealthSaint Louis, MO7$357M219%AUM growth
  5. 5Alpha Solutions Investment AdvisorsSan Francisco, CA6$509M196%AUM growth
  6. 6Clark Asset ManagementPortsmouth, NH14$1.32B190%AUM growth
  7. 7Hudson Capital AdvisoryBuffalo, NY5$328M175%AUM growth
  8. 8Lexington Hill PartnersDallas, TX8$278M169%AUM growth
  9. 9Stevens Capital PartnersOmaha, NE21$810M168%AUM growth
  10. 10Burkholder Wealth ManagementTulsa, OK8$380M164%AUM growth
  11. 11Seven Hills FinancialTallahassee, FL5$281M163%AUM growth
  12. 12Revere AssetAllen, TX7$408M161%AUM growth
  13. 13Spectrum Financial Alliance, Ltd., L.L.C.Nicholasville, KY14$813M153%AUM growth
  14. 14Vistica Wealth AdvisorsCarlsbad, CA5$260M151%AUM growth
  15. 15PTM Wealth ManagementNorth Wales, PA7$310M150%AUM growth
  16. 16Delaware Wealth PlannersWilmington, DE4$256M148%AUM growth
  17. 17Altura Wealth AdvisorsSanta Clara, CA12$250M147%AUM growth
  18. 18JIM Saulnier & AssociatesFort Collins, CO7$286M146%AUM growth
  19. 19Magnolia Private WealthPhiladelphia, PA4$272M146%AUM growth
  20. 20Oaktree AdvisorsCoopersburg, PA6$283M143%AUM growth
  21. 21Tenon FinancialMetuchen, NJ3$316M141%AUM growth
  22. 22Grant Private Wealth ManagementPleasanton, CA6$255M141%AUM growth
  23. 23Empower Wealth ManagementCedar Park, TX8$349M139%AUM growth
  24. 24Able Wealth ManagementToms River, NJ7$580M137%AUM growth
  25. 25Thrive Retirement SpecialistsRoyal Oak, MI2$304M137%AUM growth

Where they are

Select a state to see its firms and filter the full list.

What the list shows

  • The 100 firms added $22.9B in AUM in two years, with 832 people between them.
  • Firms with five people or fewer grew a median 99%, against 103% for firms of 11 to 25.
  • 16 firms at least doubled their client count.
  • 6 firms crossed $1 billion in AUM. CA leads the list with 17 firms.

Does size matter?

Every firm by headcount and growth. A filter on the list above carries through to this chart.

100%150%200%250%300%1251025People at the firmMedian 7 peopleMedian 104%

Bigger circles hold more AUM. Headcount runs on a log scale so small firms have room. Select a firm to open it.

Build your own top ten

What counts as winning? Weight what matters to you and watch the list change. The official rank uses AUM growth alone.

  1. 1No. 1
  2. 2No. 2
  3. 3▲ 3
  4. 4▲ 1
  5. 5▼ 1
  6. 6▼ 3
  7. 7No. 7
  8. 8▲ 17
  9. 9▲ 10
  10. 10▲ 11

From 8,194 firms to 100

Each dot is a firm. Select a step to see who was left.

To qualify

  • Independent and registered with the SEC
  • At least $100M in AUM at the start of the period, with a 2023 filing on record
  • 25 or fewer employees in the latest filing
  • AUM up in both years, with no one-year rise of 150% or more
  • Clients up at least 10%, from at least 25 clients
  • At least half of AUM from individuals and high-net-worth clients

What removes a firm

  • Bank, insurer, broker-dealer, private equity or other outside owners
  • Affiliated networks and advisor platforms
  • A material merger, acquisition or team move
  • Serious regulatory disclosures
  • Headcount that doesn’t fit the firm’s clients or assets

How to read it

  • Growth is reported AUM from the 2024 filing to the 2026 filing, and it includes market gains.
  • Employee counts come from Form ADV and may not capture outside contractors.
  • “AUM jump noted” marks a large one-year rise with no reported deal behind it.
  • No firm paid to appear. Source: SEC Form ADV filings, with PWD analysis.
The Lean 100: America's fastest-growing lean RIAs (2026) — Private Wealth Daily