Each year, Accounting Today ranks the top 150 CPA financial planners by their assets under management — and by AUM, at least, it turns out that last year (like the year before) was a great one.
Overall, the total AUM reported by our Wealth Magnets dropped somewhat to $228 billion, compared to $240 billion in last year's report (though still above the $205.87 billion from the year before that), thanks largely to market turmoil.
At the same time, the number of Wealth Magnets in the $1 Billion-Plus Club dropped to 49 from 58, thanks in part to the same market turmoil, but perhaps more importantly to the wave of M&A sweeping through wealth management firms. This year's 49 Billion-Dollar Firms are listed below in ascending order; the
Notes and methodology: In most cases — but not all — firm names are those of the financial planning subsidiary, not the affiliated CPA firm. Firms have reported either their overall chief executive, or the leader of the planning practice. For simplicity’s sake, we have listed both under “chief executive,” though many bear different titles. In cases where a leader was not identified, we identified the leader of the planning practice from public sources (usually the firm’s website), where available. Many firms gave a date for the AUM figure they submitted; these varied widely, from the date of submission to a recent quarter-end, but in no case was it earlier than year-end 2022.
* For firms marked with an asterisk, data was provided by Audit Analytics, a premium online intelligence service that delivers audit, regulator and disclosure analysis to the accounting community. Reach them at (508) 476-7007,
