ADV Watch: Bluespring Wealth Management, LLC reports a $2.39 billion asset gain; 16 advisers join the SEC list, 13 leave

The SEC's adviser data for November 7, 2026 lists 24,087 firms reporting $177.9 trillion in regulatory assets under management. Compared with the data of October 31, 2026, 536 firms filed an updated Form ADV, 16 SEC-registered advisers appeared for the first time and 13 were no longer listed.

The largest reported change: Bluespring Wealth Management, LLC (Austin, TX) reported $7.82 billion in regulatory assets in its Form ADV filed November 3, 2026, up from $5.43 billion in its previous filing.

An adviser leaves the SEC list when it withdraws its SEC registration on Form ADV-W, moves to state registration or merges into another registered adviser; the data does not say which. Each firm's filing history is on the SEC's Investment Adviser Public Disclosure site.

How this is built: figures are as each firm reported them on Form ADV (Item 5.F regulatory assets under management, Item 5.A employees) and as the SEC publishes them in its Investment Adviser Public Disclosure data. A change reflects a new filing between the two data dates, not a dated flow of client assets. Changes that look like filing errors, such as a fall to zero or a move of more than tenfold, are left out until a later filing confirms them. Exempt reporting advisers are not included.