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SEC-Registered Investment Advisers by State

Investment advisers registered with the SEC, by state of main office, latest monthly list

New York is highest at 2,591North Dakota lowest at 9 · median 134
Current·Data to Oct 2026
Under 2525 to 5555 to 100100 to 210210 to 360360 or more

Latest reading for each area, to Oct 2026 · Bins hold about equal counts

Plays the chart through its history, period by period.

Palanor count from the SEC’s monthly lists of registered and exempt reporting investment advisers (Form ADV). State-registered advisers are not included. Each firm counts in the state of its main office. Smaller advisers register with their state instead of the SEC.

Where the SEC-registered investment advisory industry is based. Darker states are home to more registered firms; use the slider to step back through earlier years.

Ranked, 51 areas

#
1New York2,591Oct 2026
2California1,873Oct 2026
3Florida1,090Oct 2026
4Texas1,081Oct 2026
5Illinois684Oct 2026
6Massachusetts627Oct 2026
7Pennsylvania564Oct 2026
8Connecticut507Oct 2026
9Ohio403Oct 2026
10New Jersey392Oct 2026
11Colorado359Oct 2026
12Georgia331Oct 2026
13Michigan305Oct 2026
14Virginia300Oct 2026
15North Carolina288Oct 2026

What this chart reads·51 series

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Sources·51 sources

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SEC-Registered Investment Advisers Based in Alabama (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Alaska (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Arizona (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Arkansas (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in California (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Colorado (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Connecticut (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Delaware (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in District of Columbia (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Florida (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Georgia (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Hawaii (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Idaho (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Illinois (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Indiana (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Iowa (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Kansas (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Kentucky (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Louisiana (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Maine (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Maryland (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Massachusetts (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Michigan (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Minnesota (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Mississippi (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Missouri (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Montana (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Nebraska (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Nevada (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in New Hampshire (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in New Jersey (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in New Mexico (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in New York (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in North Carolina (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in North Dakota (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Ohio (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Oklahoma (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Oregon (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Pennsylvania (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Rhode Island (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in South Carolina (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in South Dakota (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Tennessee (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Texas (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Utah (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Vermont (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Virginia (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Washington (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in West Virginia (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Wisconsin (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

SEC-Registered Investment Advisers Based in Wyoming (count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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