HNW client percentage for Enterprise firms serving clients in Vermont

High-net-worth (HNW) client percentage measures the share of a firm's clients who meet the SEC’s high-net-worth threshold, indicating the firm’s focus and typical client profile. For enterprise firms—those with 300 to 3,000 advisors or over $30 billion in assets—this metric helps reveal whether the firm leans toward serving ultra-wealthy clients with complex needs or a broader mix including affluent and mass-affluent households.

In Vermont, among 39 enterprise firms, the median HNW client percentage is 21.5%, slightly above the national median of 20.44%. The distribution shows a wide range, with some firms serving very few high-net-worth clients and others focusing heavily on this segment. This suggests that Vermont’s enterprise firms vary considerably in their client focus. Some may be early-stage or intentionally broad-access firms catering to a wider client base, while others concentrate on high-net-worth individuals requiring more specialized planning. The presence of firms at both ends of the spectrum reflects the diversity of advisory models within the state.

For you, this means the HNW client percentage is a useful indicator of a firm’s typical client profile but not a measure of quality. A higher percentage often signals higher minimums and more tailored services, while a lower percentage suggests broader access and more standardized offerings. Understanding where a firm falls on this scale can help you find an advisor whose approach aligns with your financial situation and service preferences. Use this metric alongside others to get a fuller picture of fit.

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

Enterprise firms active in Vermont 39 firms
Very Low 0%-1%
Low 1%-15%
Typical 15%-27%
High 27%-65%
Very High 65%-65%
5th 20th 40th 60th 80th 95th

Median: 22%

Firm
HNW client %
HNW Clients
Clients
AUM/client
Chevy Chase Trust Company logo Chevy Chase Trust Company
Very High 100%
1,177
1,177
$11M
RBC Rochdale, LLC logo RBC Rochdale, LLC
Very High 98%
15,779
16,170
$3.1M
Advice and Planning Services logo Advice and Planning Services
Very High 65%
46,802
72,469
$520K
First Manhattan Co. LLC logo First Manhattan Co. LLC
High 63%
3,828
6,080
$5.6M
Mercer Global Advisors Inc. logo Mercer Global Advisors Inc.
High 53%
18,398
35,044
$2.2M
Focus Partners Wealth, LLC logo Focus Partners Wealth, LLC
High 49%
30,177
61,002
$2.6M
Janney Montgomery Scott logo Janney Montgomery Scott
High 42%
100,743
239,764
$410K
Citigroup Global Markets logo Citigroup Global Markets
High 40%
23,441
58,096
$710K
Beacon Pointe Advisors, LLC logo Beacon Pointe Advisors, LLC
High 39%
11,482
29,565
$1.7M
Wealth Enhancement Advisory Services, LLC logo Wealth Enhancement Advisory Services, LLC
High 34%
27,424
80,986
$1.4M
Allworth financial, L.P. logo Allworth financial, L.P.
High 32%
9,283
28,786
$1.1M
Rockefeller Capital Management logo Rockefeller Capital Management
High 32%
15,255
47,801
$1.7M
Cetera Planning Partners logo Cetera Planning Partners
High 31%
1,488
4,748
$850K
MAI Capital Management, LLC logo MAI Capital Management, LLC
High 31%
4,902
15,740
$2.2M
Savant Wealth Management logo Savant Wealth Management
High 28%
6,562
23,288
$2.1M
Newedge Advisors logo Newedge Advisors
High 27%
13,112
48,809
$810K
ESI Financial Advisors logo ESI Financial Advisors
Typical 26%
3,041
11,897
$220K
Kestra Advisory logo Kestra Advisory
Typical 23%
26,123
115,285
$620K
Guardian Life logo Guardian Life
Typical 22%
17,261
80,267
$230K
Eagle Strategies (NY Life) logo Eagle Strategies (NY Life)
Typical 20%
27,125
132,722
$240K
VOYA Financial Advisors, Inc. logo VOYA Financial Advisors, Inc.
Typical 19%
3,095
16,313
$240K
Private Advisor Group, LLC logo Private Advisor Group, LLC
Typical 17%
27,742
166,623
$330K
HSBC Securities (USA) Inc. logo HSBC Securities (USA) Inc.
Typical 15%
1,791
12,045
$310K
Carson Wealth logo Carson Wealth
Low 14%
7,231
52,263
$880K
Osaic Advisory Services, LLC logo Osaic Advisory Services, LLC
Low 13%
3,755
29,516
$510K
Commonwealth Financial Network logo Commonwealth Financial Network
Low 12%
41,874
355,973
$570K
Hantz financial Services, Inc. logo Hantz financial Services, Inc.
Low 10%
2,423
23,624
$420K
Integrity Alliance, LLC logo Integrity Alliance, LLC
Low 10%
1,082
10,660
$450K
AE Wealth Management, LLC logo AE Wealth Management, LLC
Low 7%
9,444
127,213
$390K
Empower Advisory Group logo Empower Advisory Group
Low 7%
20,524
293,347
$570K
TD private Client Wealth LLC logo TD private Client Wealth LLC
Low 6%
1,518
25,351
$270K
First Command Advisory Services logo First Command Advisory Services
Low 3%
3,852
113,511
$210K
Key Investment Services LLC logo Key Investment Services LLC
Low 3%
1,140
34,509
$250K
SPC logo SPC
Low 3%
832
30,595
$190K
Centaurus Financial, Inc. logo Centaurus Financial, Inc.
Low 1%
467
45,194
$210K
Valic Financial Advisors logo Valic Financial Advisors
Low 1%
1,913
292,989
$100K
OSAIC Institutions, INC. logo OSAIC Institutions, INC.
Very Low 0%
37
15,798
$310K
Citizens Securities, Inc. logo Citizens Securities, Inc.
Very Low 0%
44
60,162
$210K
Bankers Life Advisory Services, Inc. logo Bankers Life Advisory Services, Inc.
Very Low 0%
5
14,275
$170K
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