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

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 firms that cater to high-net-worth individuals with more complex financial needs and higher minimum investment requirements. Conversely, lower AUM per client suggests broader client access with more standardized services.

In Vermont, multi-team firms—those with 30 to 300 advisors or managing over $3 billion in assets—have a median AUM per client of approximately $820,000, which is notably higher than the national median of about $630,000. The distribution in Vermont shows a wide range, with some firms managing as little as around $140,000 per client and others exceeding $6.3 million. This spread suggests that Vermont’s multi-team firms serve a diverse client base, from those seeking more accessible, standardized services to clients requiring highly personalized, complex planning. The higher median may reflect a regional tendency toward serving wealthier clients or firms with higher minimums, but the variation also points to the presence of firms focused on broader access or earlier-stage investors.

For you, understanding AUM per client helps clarify what kind of service and minimum investment level you might expect from a firm. There is no single “correct” number; instead, it reflects a tradeoff between personalized, high-touch service and broader client access. Use this metric alongside others to find a firm that aligns with your financial situation and goals.

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