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 who the firm is designed to serve. Higher AUM per client typically indicates firms with higher minimum investment requirements and more complex, personalized planning, while lower figures suggest broader access and more standardized services.

In New York, among team firms—which consist of 5 to 30 advisors or manage over $500 million in assets—the median AUM per client is about $1,024,509. This aligns closely with the national median for similar firms, reflecting a balanced mix of client types. The distribution shows a range from around $150,000 to over $5.6 million per client, indicating that some firms focus on affluent clients with scalable, repeatable planning processes, while others serve high-net-worth individuals with more bespoke, comprehensive services. This spread suggests that New York’s team firms accommodate a variety of client needs, from mass-affluent households seeking consistent advice to ultra-wealthy families requiring specialized attention.

For you, understanding AUM per client helps clarify what kind of advisory relationship to expect. There’s no single “right” number; higher AUM per client often means more tailored service and higher minimums, while lower figures suggest greater accessibility and 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.