RIAs with the Lowest Fees on $10 Million
Showing the 30 registered investment advisors with the lowest advisory fees for $10 million portfolios. Analysis based on latest SEC ADV2 regulatory filings.
📊 Analysis Methodology
- Ranking: RIAs with the lowest advisory fees on $10 million portfolios
- Fee Structures: Robust schedules only (2+ tiers)
- Exclusions: Does not include fee rates labeled 'negotiable', firms with less than 50 high-net-worth clients, or firms with an average client size below $5 million
- Source: SEC ADV2 regulatory filings
| Rank | Firm Name | Annual Fee | Avg Rate | Avg Client AUM ($M) | Number of Clients | ADV2 Brochure |
|---|---|---|---|---|---|---|
| 1 | UNCONVENTIONAL INVESTOR, LLC | $21,000 | 0.21% | $5.4 | 51 | FIRM BROCHURE |
| 2 | TOPSAIL WEALTH MANAGEMENT LLC | $25,000 | 0.25% | $9.6 | 127 | TOPSAIL WEALTH FORM ADV PART 2A |
| 3 | ATHENA INVESTMENT MANAGEMENT | $25,225 | 0.25% | $5.2 | 51 | ATHENA INVESTMENT MANAGEMENT ADV PART 2B - MARCH 31, 2026 |
| 4 | INCOME RESEARCH + MANAGEMENT | $30,000 | 0.30% | $11.2 | 454 | IR+M FORM ADV PART 2A ANNUAL UPDATE - AUGUST 2026 |
| 5 | OLD PEAK FINANCE | $30,000 | 0.30% | $6.4 | 107 | OLD PEAK FINANCE ADV PART 2A & 2B ANNUAL AMENDMENT 03.18.25 |
| 6 | URBAN FINANCIAL ADVISORY CORPORATION | $33,000 | 0.33% | $7.7 | 182 | URBAN FINANCIAL ADVISORY CORPORATION BROCHURE |
| 7 | GATEWAY INVESTMENT ADVISERS, LLC | $37,500 | 0.38% | $5.5 | 294 | GATEWAY INVESTMENT ADVISERS, LLC FORM ADV PARTS 2A AND 2B DATED 2026.03.31 |
| 8 | KELLER WEALTH ADVISORS | $38,000 | 0.38% | $5.1 | 151 | KMH WEALTH MANAGEMENT, LLC |
| 9 | SCHAPER BENZ & WISE INVESTMENT COUNSEL INC | $38,000 | 0.38% | $6.0 | 277 | 2025 FORM ADV BROCHURE |
| 10 | ZEMENICK & WALKER INC | $38,750 | 0.39% | $10.9 | 229 | ZEMENICK & WALKER, INC. |
| 11 | FRG FAMILY WEALTH ADVISORS | $41,000 | 0.41% | $6.4 | 113 | FRG FAMILY WEALTH ADVISORS BROCHURE |
| 12 | RED TORTOISE | $41,000 | 0.41% | $5.6 | 57 | RED TORTOISE, LLC FORM ADV PART 2 BROCHURE |
| 13 | ROWLAND MILLER + PARTNERS LLC | $42,500 | 0.43% | $5.0 | 115 | ROWLAND MILLER FORM ADV BROCHURE |
| 14 | THE MOSAIC FINANCIAL GROUP, LLC | $43,000 | 0.43% | $7.2 | 130 | PART 2 BROCHURE |
| 15 | TRUMBOWER FINANCIAL ADVISORS LLC | $43,750 | 0.44% | $12.2 | 159 | TRUMBOWER FINANCIAL ADVISORS, LLC |
| 16 | VALEO FINANCIAL ADVISORS, LLC | $43,750 | 0.44% | $5.4 | 2257 | VALEO FINANCIAL ADVISORS ADV PART 2 |
| 17 | CURTIS ADVISORY GROUP, LLC | $45,000 | 0.45% | $6.3 | 64 | CURTIS ADVISORY GROUP ADV PART 2 |
| 18 | PAYDEN & RYGEL | $45,000 | 0.45% | $21.8 | 82 | ADV PART 2A |
| 19 | TRUEPOINT, INC. | $45,000 | 0.45% | $5.7 | 1006 | TRUEPOINT INSTITUTIONAL - ADV PART 2A |
| 20 | ALESCO ADVISORS, LLC, AN ESL COMPANY | $45,500 | 0.46% | $6.9 | 363 | ALESCO ADVISORS, LLC, AN ESL COMPANY |
| 21 | PRIVATE WEALTH MANAGEMENT, INC. | $45,500 | 0.46% | $9.5 | 85 | ADV PART 2 |
| 22 | PLUM STREET ADVISORS, LLC | $46,000 | 0.46% | $5.1 | 65 | PLUM STREET ADVISORS BROCHURE |
| 23 | SAFFORD NICHOLAS H & CO INC | $46,000 | 0.46% | $13.1 | 136 | NICHOLAS H. SAFFORD & CO., INC. BROCHURE |
| 24 | STEPHENS GROUP ASSET MANAGEMENT, LLC | $47,000 | 0.47% | $11.3 | 111 | DISCLOSURE BROCHURE FOR STEPHENS GROUP ASSET MANAGEMENT, LLC |
| 25 | DIXON FINANCIAL SERVICES | $47,500 | 0.47% | $6.5 | 154 | ADV II |
| 26 | HMV WEALTH ADVISORS, LLC | $47,500 | 0.47% | $6.5 | 67 | HMV WEALTH ADVISORS, LLC PART 2 |
| 27 | REBALANCE LLC | $47,750 | 0.48% | $7.0 | 197 | ADV FORM 2A |
| 28 | THE LAM GROUP, INC. | $49,500 | 0.50% | $9.0 | 54 | THE LAM GROUP, ADV PART 2A - 2B |
| 29 | AUTUMN LANE ADVISORS, LLC | $50,000 | 0.50% | $13.1 | 59 | AUTUMN LANE ADV 2A |
| 30 | BC ADVISORS, LLC | $50,000 | 0.50% | $46.0 | 100 | BC ADVISORS FORM ADV PART 2 BROCHURE 3.2024 |
| 31 | BLACKROCK FINANCIAL MANAGEMENT, INC | $50,000 | 0.50% | $84.9 | 64 | BLACKROCK FINANCIAL MANAGEMENT, INC. - BROCHURE |
| 32 | BLACKROCK INVESTMENT MANAGEMENT, LLC | $50,000 | 0.50% | $13.1 | 4269 | BLACKROCK INVESTMENT MANAGEMENT, LLC - BROCHURE |
| 33 | DOYENNE WEALTH ADVISORS | $50,000 | 0.50% | $15.8 | 129 | DOYENNE WEALTH ADVISORS |
| 34 | KOTAK ALTERNATE ASSET MANAGERS LIMITED | $50,000 | 0.50% | $5.8 | 1181 | KOTAK ALTERNATE ASSET MANAGERS LIMITED - PART 2A BROCHURE |
| 35 | MYCIO WEALTH PARTNERS, LLC | $50,000 | 0.50% | $16.8 | 923 | ADV PART 2A |
| 36 | SAGE FINANCIAL GROUP INC. | $50,000 | 0.50% | $5.6 | 715 | ADV PART 2A |
| 37 | VALLEY FORGE INVESTMENT CONSULTANTS, INC. | $50,000 | 0.50% | $5.9 | 158 | FORM ADV PART 2A: FIRM BROCHURE |
| 38 | WELLSPRING FINANCIAL ADVISORS, LLC | $50,000 | 0.50% | $41.8 | 118 | WELLSPRING ADV BROCHURE |
| 39 | WHARTON BUSINESS GROUP, LLC | $50,000 | 0.50% | $47.7 | 78 | ADV 2A |
| 40 | AUFMAN ASSOCIATES INC | $50,950 | 0.51% | $5.6 | 166 | AUFMAN ASSOCIATES INC. BROCHURE |
| 41 | FELDMAN, INGARDONA & CO | $51,000 | 0.51% | $10.1 | 179 | FELDMAN, INGARDONA & CO. FORM ADV - PART 2A |
| 42 | PASSIVE CAPITAL MANAGEMENT, LLC | $52,000 | 0.52% | $7.4 | 101 | PASSIVE CAPITAL PART 2A BROCHURE |
| 43 | R M DAVIS INC | $52,000 | 0.52% | $5.4 | 1300 | R.M. DAVIS, INC. BROCHURE |
| 44 | ALAMO ADVISORS, LP | $52,500 | 0.53% | $14.4 | 231 | ALAMO PART 2A & PART 2B BROCHURE SUPPLEMENTS |
| 45 | HOWLAND CAPITAL MANAGEMENT LLC | $52,500 | 0.53% | $13.2 | 145 | HOWLAND CAPITAL MANAGEMENT LLC |
| 46 | SEVEN SPRINGS WEALTH GROUP | $52,500 | 0.53% | $5.8 | 201 | FORM ADV PART 2A BROCHURE |
| 47 | QUANTUM FINANCIAL SERVICES INC. | $52,875 | 0.53% | $9.4 | 78 | 2025 QUANTUM FINANCIAL SERVICES INC ADV PART II |
| 48 | JLB & ASSOCIATES INC | $52,900 | 0.53% | $5.1 | 164 | JLB & ASSOCIATES, INC - INVESTMENT COUNSEL |
| 49 | FOUNTAINHEAD FINANCIAL, LLC | $53,000 | 0.53% | $6.5 | 82 | 2025 ADV |
| 50 | SILVEROAK WEALTH MANAGEMENT LLC | $53,750 | 0.54% | $5.9 | 328 | SILVEROAK ADV PART 2 (2026-03) |
Disclaimer: Fee calculations based on most recent published
ADV2 regulatory filings. Actual fees may vary and are subject to
negotiation. Data refreshed monthly.