A recent analysis focusing on registered investment advisers in Jefferson County has shed light on the diverse landscape of client accounts within the financial advisory sector. While the median company on the list reported 39 client accounts, several firms have distinguished themselves with substantially higher numbers, highlighting their prominence in the region’s investment advisory arena.
Leading the pack is Western Wealth Management LLC, boasting12,396 accounts under management. Following closely behind is Financial Security Management Inc., managing 2,325 accounts. Wambolt & Associates LLC and Cedrus LLC also emerged in the top four with 1,564 and 1,553 accounts respectively.
The above data analysis only includes records explicitly listed in the “Registered Investment Advisers in Jefferson County” data set. No additional outside information or data were used in the representation or interpretation of this information.
In parallel with this localized analysis, preliminary data from the Investment Adviser Industry Snapshot, a collaborative effort between the Investment Adviser Association (IAA) and COMPLY, has revealed a broader trend in the financial advisory landscape. The report indicates a remarkable surge in the number of SEC-registered investment advisers in 2023, surpassing previous records and signaling robust growth and investor confidence within the sector.
Moreover, the survey highlights a sustained uptick in the number of asset management clients, with the industry servicing approximately 56.7 million clients in 2023, marking a notable 4.4% increase compared to the previous year. This steady growth underscores the growing demand for professional investment advice and wealth management services among investors, reflecting broader industry trends observed both locally and nationally.