Source
Everything on this site comes from the SEC's Investment Adviser Public Disclosure data↗: three files the SEC publishes every day.
- SEC-registered firms, with their Form ADV answers.
- State-registered firms, with their Form ADV answers.
- Individual advisers (investment adviser representatives): current firms, registrations, exams, work history, and disclosure flags.
A program on our own server downloads the files each morning and sends only what changed to the database behind this site.
Current counts
- Files dated
- Sept. 22, 2026
- Firms
- 43,603
- Registered with the SEC
- 17,212
- Registered with a state
- 16,244
- Exempt reporting advisers
- 10,147
- Individual advisers
- 440,103
- Adviser only
- 102,091
- Also a broker
- 338,012
- With disclosures on record
- 60,021
How the labels are worked out
- Adviser only / Also a broker comes from each person's record in the SEC file, which says whether they hold an active broker (agent) registration.
- Broker ties: the firm answered yes to being a broker-dealer or broker representative (Form ADV Item 6A), to having a related broker-dealer (Item 7A), or reported employees who are registered brokers (Item 5B).
- Insurance ties: the firm is an insurance agency (Item 6A), has a related insurance company or agency (Item 7A), or reported employees licensed to sell insurance (Item 5B).
- Commissions: the firm checked commissions as a way it is paid (Item 5E).
- Works with individuals: the firm reported individual clients or wealthy individual clients (Item 5D), or managing money for individuals, or financial planning (Item 5G).
- Disclosures for people are the event types flagged in their record. For firms, it is the Form ADV Item 11 answer.
- Location: people are found by their branch offices (or their firm's main office when no branch is listed). Firms are found by their main office or by where any of their people work.
What is not here
- Brokers who are not also advisers. FINRA does not publish its broker data in bulk. Use BrokerCheck↗.
- Insurance-only agents, who are licensed by state insurance departments.
- Advisers who no longer hold a registration.
- Fee amounts. Firms say how they charge, not how much, on the part of Form ADV in these files.
Accuracy
Firms and people report this information themselves and update it at least once a year. We show it as filed and may be a day behind the SEC. Before you hire anyone, confirm the details on adviserinfo.sec.gov↗.
Nothing on this site is investment, legal, or tax advice. No firm or person pays to be listed or ranked.