Understand what each firm reported.
RIA Monitor makes public SEC investment adviser data easier to search and compare. Read the source month and field definition alongside each value.
Public filings, with their original dates
The current dataset contains 17,094 firms found in the July and August 2026 SEC registered-adviser extracts. It includes 17,018 firms from August and 76 firms found only in July. This is coverage of those extracts, not a claim that every firm is currently registered or that every U.S. adviser is included.
The source is the SEC monthly adviser data. Firm profiles link back to that source. A source month identifies the extract in which a value appeared; it does not establish an exact filing day or the date the firm measured that value.
Comparable business facts
Profiles show 19 fields: firm CRD and legal name, reported regulatory assets under management, two distinct employee counts, and 14 client categories. Reported employees and employees performing investment-advisory functions remain separate measures.
Office locations, office counts, contact details, affiliation indicators and a combined client total are not included in this release. Client-category counts are not added together or interpreted as a guarantee that a firm offers a particular service.
Compare the same measure and source month
A firm’s latest available month is selected before search or filters are applied. A firm seen only in July remains visible with that month; it is not presented as an August observation.
A client-category filter matches a positive reported client count. Exact zero and missing or suppressed counts are separate outcomes. Suppression may include zero, so it does not establish a positive count.
AUM bands and sorting use exact amounts rather than rounded display values. Missing amounts sort last and do not match an amount band. Regulatory assets under management are not bank balance-sheet assets, investment performance or organic growth.
Comparisons identify different source months, missing values and incompatible definitions. Values from different months are not treated as observations from the same period.
Missing never becomes zero
Zero, not reported, not applicable, not available, suppressed and unknown are kept distinct. Values withheld because they could not be reliably interpreted remain unavailable for filtering or comparison.
Reported means the firm supplied a value in its filing. Observed describes what was found in a source, including an absent or suppressed value. A derived value is a calculation and should be read with its method and inputs; it is not a new statement from the firm.
Geographic browsing is not included yet
The directory currently supports firm lookup, reported AUM and client-category filters without location claims. A principal office would not establish service territory, client location or branch coverage.
Keep the source separate from interpretation
Monthly extracts are retained with their original source references. A change between extracts can reflect a filing update, availability or classification change; it does not by itself explain why the firm changed. Earlier observations do not silently fill missing values in a later month.
Use the original filing when a decision depends on a particular fact. This directory does not rate investment quality, regulatory compliance, cybersecurity strength or a firm’s need for a product. A correction request does not itself change the underlying SEC filing.