Almost from the day we launched our call for Top DC Advisor Teams, there has been an interest in a related compilation—one that captures the DC assets of an entire advisor firm, or a multi-office arrangement.
This year’s list—our fourth annual—is, once again, based on self-reported defined contribution (DC) assets under advisement (AUA) as of Dec. 31, 2021. Those organizations listed had to have more than one office/physical location to be included. And once again this year we have limited this list to firms with in excess of $1 billion in AUA.
There is quite a bit of differentiation among the firms listed in terms of size, number of advisors, and geographic breadth. Some have been in existence for more than a century—others in the relatively recent past—and yes, 2021 has been a busy year on the M&A front, and that has produced some new names, and created some new combinations—and along the way, some reshuffling of the order from last year. In a few cases, teams that previously reported as teams—or as separate multi-office entries—have now merged here. All told the firms listed are stewards of more than $2 trillion in DC assets, and have roughly 21 million participants—and they’re doing it from more than 1900 offices across the nation (and some internationally as well).
Sure, we know it’s not just about the numbers—but the reality is that advisors are having a huge impact every single day, not only on the quality of retirement plan advice, but in building a more financially secure retirement for millions of Americans.
You can check out the list of 2021 Top DC Multi-Office Firms at https://www.napa-net.org/top-dc-advisor-multi-office-firms-2021.
We appreciate the commitment and hard work of the teams acknowledged—and are proud to have the opportunity to share it here, and in the Spring issue of NAPA Net the Magazine.
Oh—and if you missed it (or even if you didn’t), you’ll want to check out (again) our list of Top DC Advisor Teams with AUA Over $100 million at https://www.napa-net.org/news-info/daily-news/announcing-2021-napa-top-dc-advisor-teams-aua-over-100-million.