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

Assets under management (AUM) per client measures the average amount of assets a firm manages for each client, offering insight into the type of clients a firm serves. Higher AUM per client often indicates a focus on high-net-worth individuals with more complex financial needs, while lower figures suggest broader access and 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 Florida, among 419 multi-team firms, the median AUM per client is about $540,000, which is somewhat below the broader national median of $637,000 for firms in this category. The distribution shows a range from roughly $160,000 at the lower end up to over $3.4 million at the higher end, indicating a diverse mix of firms serving both mass-affluent clients and wealthier households. This spread suggests two possible interpretations: some firms may be in earlier growth stages with lower minimums aiming for broader access, while others intentionally focus on high-net-worth clients with more specialized, complex planning. The variety in Florida reflects a marketplace where clients can find firms tailored to different levels of wealth and service preferences.

For you, understanding AUM per client helps clarify whether a firm’s client base aligns with your financial situation and service expectations. There is no single “right” number; higher AUM per client usually means more personalized, complex advice but often comes with higher minimum investment requirements. Lower AUM per client can mean more accessible services but potentially less customization. Use this metric alongside others to gauge how well a firm fits your needs and goals.

Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.