HNW client percentage for Enterprise firms serving clients in Missouri

High-net-worth (HNW) client percentage measures the share of a firm’s clients who meet the SEC’s high-net-worth threshold—roughly $1.1 million in managed assets or $2.2 million in net worth. This metric helps indicate the type of clients a firm primarily serves, with higher percentages reflecting a focus on wealthier clients and more complex financial planning, while lower percentages suggest broader access for a wider range of investors.

In Missouri, among enterprise firms—those with 300 to 3,000 advisors or over $30 billion in assets—the median HNW client percentage is 21.5%, slightly above the national median of 20.44%. With 73 such firms and over 2,000 advisors statewide, the distribution shows a range from very low HNW client shares up to nearly 62%. This suggests a diverse landscape where some firms concentrate heavily on high-net-worth clients, offering specialized and bespoke services, while others maintain a broader client base that includes affluent and mass-affluent households. The variation may reflect firms at different stages of growth or those intentionally balancing scale with personalized service.

For you, this means the HNW client percentage is a useful signal to understand a firm’s client focus but not a definitive measure of quality. A higher percentage often implies higher account minimums and more tailored planning, whereas a lower percentage may indicate more accessible services with standardized offerings. Use this metric alongside others to find an advisor whose client focus and service model align 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.

Enterprise firms active in Missouri 73 firms
Very Low 0%-1%
Low 1%-14%
Typical 14%-22%
High 22%-49%
Very High 49%-62%
5th 20th 40th 60th 80th 95th

Median: 22%

Firm
HNW client %
HNW Clients
Clients
AUM/client
Schwab Wealth Advisory
Very Low 0%
—
168,774
$0
Bankers Life Advisory Services, Inc. logo Bankers Life Advisory Services, Inc.
Very Low 0%
5
14,275
$170K
Citizens Securities, Inc. logo Citizens Securities, Inc.
Very Low 0%
44
60,162
$210K
OSAIC Institutions, INC. logo OSAIC Institutions, INC.
Very Low 0%
37
15,798
$310K
Valic Financial Advisors logo Valic Financial Advisors
Low 1%
1,913
292,989
$100K
Benjamin F. Edwards & Company, Incorporated logo Benjamin F. Edwards & Company, Incorporated
Low 1%
244
32,532
$550K
Centaurus Financial, Inc. logo Centaurus Financial, Inc.
Low 1%
467
45,194
$210K
Planmember Securities Corporation logo Planmember Securities Corporation
Low 1%
898
69,441
$130K
Hornor, Townsend & Kent, LLC logo Hornor, Townsend & Kent, LLC
Low 2%
553
27,999
$290K
PNC Wealth Management logo PNC Wealth Management
Low 2%
3,185
160,885
$180K
SPC logo SPC
Low 3%
832
30,595
$190K
Transamerica Financial Advisors logo Transamerica Financial Advisors
Low 3%
1,218
42,497
$49K
Ameritas Advisory Services, LLC logo Ameritas Advisory Services, LLC
Low 3%
904
29,363
$450K
Oppenheimer logo Oppenheimer
Low 3%
1,229
37,047
$610K
Lincoln Investment logo Lincoln Investment
Low 3%
4,604
138,132
$160K
First Command Advisory Services logo First Command Advisory Services
Low 3%
3,852
113,511
$210K
J. W. Cole Advisors, Inc. logo J. W. Cole Advisors, Inc.
Low 4%
1,261
30,867
$260K
FIFTH THIRD SECURITIES, Inc. logo FIFTH THIRD SECURITIES, Inc.
Low 4%
1,938
46,299
$230K
Principal Financial Services logo Principal Financial Services
Low 5%
2,638
51,650
$320K
GWN Securities Inc. logo GWN Securities Inc.
Low 6%
2,217
37,763
$130K
TD private Client Wealth LLC logo TD private Client Wealth LLC
Low 6%
1,518
25,351
$270K
Empower Advisory Group logo Empower Advisory Group
Low 7%
20,524
293,347
$570K
AE Wealth Management, LLC logo AE Wealth Management, LLC
Low 7%
9,444
127,213
$390K
First Citizens Investor Services, Inc. logo First Citizens Investor Services, Inc.
Low 9%
645
7,563
$340K
Brookstone Capital Management LLC logo Brookstone Capital Management LLC
Low 9%
4,860
54,810
$230K
Independent Financial Group, LLC logo Independent Financial Group, LLC
Low 9%
2,438
25,896
$470K
Integrity Alliance, LLC logo Integrity Alliance, LLC
Low 10%
1,082
10,660
$450K
Hantz financial Services, Inc. logo Hantz financial Services, Inc.
Low 10%
2,423
23,624
$420K
Commonwealth Financial Network logo Commonwealth Financial Network
Low 12%
41,874
355,973
$570K
Osaic Advisory Services, LLC logo Osaic Advisory Services, LLC
Low 13%
3,755
29,516
$510K
Carson Wealth logo Carson Wealth
Typical 14%
7,231
52,263
$880K
HSBC Securities (USA) Inc. logo HSBC Securities (USA) Inc.
Typical 15%
1,791
12,045
$310K
UNITED PLANNERS' FINANCIAL SERVICES of AMERICA a Limited Partner logo UNITED PLANNERS' FINANCIAL SERVICES of AMERICA a Limited Partner
Typical 16%
4,880
30,039
$410K
Private Advisor Group, LLC logo Private Advisor Group, LLC
Typical 17%
27,742
166,623
$330K
VOYA Financial Advisors, Inc. logo VOYA Financial Advisors, Inc.
Typical 19%
3,095
16,313
$240K
Eagle Strategies (NY Life) logo Eagle Strategies (NY Life)
Typical 20%
27,125
132,722
$240K
Guardian Life logo Guardian Life
High 22%
17,261
80,267
$230K
&PARTNERS logo &PARTNERS
High 22%
11,803
53,863
$380K
Kestra Advisory logo Kestra Advisory
High 23%
26,123
115,285
$620K
Concurrent Investment Advisors, LLC logo Concurrent Investment Advisors, LLC
High 23%
3,009
13,268
$1.2M
Sanctuary Advisors, LLC logo Sanctuary Advisors, LLC
High 23%
4,425
19,025
$1.6M
Farther logo Farther
High 24%
3,463
14,593
$970K
CIBC Private Wealth Advisors, Inc. logo CIBC Private Wealth Advisors, Inc.
High 25%
2,020
8,083
$5.5M
Prime Capital Financial logo Prime Capital Financial
High 25%
5,571
22,129
$850K
William Blair & Company L.L.C. logo William Blair & Company L.L.C.
High 26%
9,054
35,296
$1.5M
D.A. Davidson & Co. logo D.A. Davidson & Co.
High 27%
18,223
68,135
$550K
Newedge Advisors logo Newedge Advisors
High 27%
13,112
48,809
$810K
Focus Advisor Solutions, LLC logo Focus Advisor Solutions, LLC
High 28%
9,302
33,235
$1M
Savant Wealth Management logo Savant Wealth Management
High 28%
6,562
23,288
$2.1M
MAI Capital Management, LLC logo MAI Capital Management, LLC
High 31%
4,902
15,740
$2.2M
Cetera Planning Partners logo Cetera Planning Partners
High 31%
1,488
4,748
$850K
Rockefeller Capital Management logo Rockefeller Capital Management
High 32%
15,255
47,801
$1.7M
Allworth financial, L.P. logo Allworth financial, L.P.
High 32%
9,283
28,786
$1.1M
Wealth Enhancement Advisory Services, LLC logo Wealth Enhancement Advisory Services, LLC
High 34%
27,424
80,986
$1.4M
Integrated Wealth Concepts LLC logo Integrated Wealth Concepts LLC
High 36%
10,429
29,187
$780K
Independent Advisor Alliance, LLC logo Independent Advisor Alliance, LLC
High 37%
15,578
42,227
$390K
Beacon Pointe Advisors, LLC logo Beacon Pointe Advisors, LLC
High 39%
11,482
29,565
$1.7M
Citigroup Global Markets logo Citigroup Global Markets
High 40%
23,441
58,096
$710K
Mariner logo Mariner
High 41%
22,322
54,583
$2.1M
Janney Montgomery Scott logo Janney Montgomery Scott
High 42%
100,743
239,764
$410K
Creative Planning logo Creative Planning
High 45%
39,511
87,051
$2.1M
Hightower Advisors logo Hightower Advisors
High 46%
29,177
62,807
$2.8M
Focus Partners Wealth, LLC logo Focus Partners Wealth, LLC
Very High 49%
30,177
61,002
$2.6M
Mercer Global Advisors Inc. logo Mercer Global Advisors Inc.
Very High 53%
18,398
35,044
$2.2M
Steward Partners Investment Advisory, LLC logo Steward Partners Investment Advisory, LLC
Very High 56%
23,474
41,723
$830K
Moneta Group Investment Advisors, LLC logo Moneta Group Investment Advisors, LLC
Very High 62%
5,460
8,840
$5.3M
Advice and Planning Services logo Advice and Planning Services
Very High 65%
46,802
72,469
$520K
Lido logo Lido
Very High 75%
9,829
13,043
$2.9M
RBC Rochdale, LLC logo RBC Rochdale, LLC
Very High 98%
15,779
16,170
$3.1M
Wells Fargo Investment Institute, Inc.
Very High 98%
11,004
11,181
$3.1M
Chevy Chase Trust Company logo Chevy Chase Trust Company
Very High 100%
1,177
1,177
$11M
IEQ Capital, LLC logo IEQ Capital, LLC
Very High 100%
2,300
2,300
$25M
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