AUM per client for Team 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 usually indicates firms that work with wealthier clients requiring more complex, personalized planning, while lower numbers suggest firms serving a broader client base with more standardized services.

In New York, among team firms—those with 5 to 30 advisors or managing over $500 million—the median AUM per client is approximately $992,615, close to the national median of about $1,016,430. With 543 firms and over 2,200 advisors represented, the distribution shows a wide range, from around $149,000 at the lower end to over $5 million at the high end. This spread suggests a diverse market: some teams focus on affluent professionals with scalable, repeatable planning, while others cater to high-net-worth individuals with more bespoke, comprehensive services. The presence of both ends of the spectrum means you’ll find firms structured for different levels of complexity and client minimums.

What this means for you is that AUM per client can help you gauge whether a firm’s client base and service model align with your financial situation and needs. There’s no single “right” number—firms with higher AUM per client often offer deeper, more customized planning but may have higher minimums, while those with lower AUM per client tend to provide broader access and standardized advice. Use this metric alongside others to understand how a firm might fit your preferences for personalization and scale.

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