AUM per client for Supported firms serving clients in New York

AUM per client measures the total assets a firm manages divided by its client count, offering insight into the type of clients a firm serves. Higher AUM per client often indicates firms focused on high-net-worth individuals with complex financial needs and higher minimum investment requirements. Lower AUM per client suggests firms designed to serve a broader range of clients with more standardized services and lower minimums.

In New York, among supported firms—which typically have 1 to 4 advisors with staff or manage over $200 million in assets—the median AUM per client is about $740,000. This figure is slightly below the broader national median of $784,000, but the state shows a wide range, from as low as under $1,000 to over $4 million per client. This distribution suggests a diverse advisory landscape: some firms in New York focus on scalable, accessible services for affluent clients, while others cater to ultra-high-net-worth individuals with highly personalized, complex planning. The variation reflects both early-stage firms still growing their client base and intentionally small, boutique practices emphasizing bespoke service.

For you, understanding AUM per client helps clarify what kind of advisory experience to expect. There’s no single “right” number—it’s about fit. Higher AUM per client usually means more tailored attention but higher minimums, while lower numbers often mean broader access with more standardized offerings. 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.