AUM per client for Multi-team firms serving clients in Connecticut

AUM per client measures the total assets a firm manages divided by its number of clients, offering insight into the type of clients a firm serves. Higher AUM per client often indicates firms that cater to high-net-worth individuals with more complex financial needs, while lower figures suggest broader access with more standardized services. For multi-team firms—those with 30 to 300 advisors or managing over $3 billion—this metric reflects a blend of different client segments and service tiers within the organization.

In Connecticut, multi-team firms manage a median of about $1.05 million per client, which is notably higher than the national median of roughly $637,000. This suggests that firms in Connecticut tend to serve wealthier clients or offer more specialized, high-touch services on average. The distribution also shows a wide range, with some firms managing as little as around $225,000 per client and others exceeding $5 million, indicating a diverse market that includes both broader-access firms and those focused on high-net-worth or ultra-high-net-worth clients. This spread reflects the two common interpretations: some firms are intentionally designed to serve a larger number of clients with lower minimums, while others focus on fewer clients with more complex needs.

For you, this means that AUM per client is a helpful indicator of the kind of service and client base a firm targets, but it’s not a measure of quality. Higher numbers often come with more personalized, complex planning, while lower numbers may offer greater accessibility and standardized solutions. Use this metric alongside others to find a firm that matches your financial situation and service preferences. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.