Today we are pleased to unveil the list of 2022 Top DC Advisor Multi-Office Firms—all with more than $1 billion in assets under advisement.
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 fifth annual—is, once again, based on self-reported defined contribution (DC) assets under advisement (AUA) as of Dec. 31, 2022. 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, 2022—like 2021 has been another busy year on the M&A front. Moreover, this listing—based on asset values as of 12/31/22—were in many cases deflated from a year ago. Still, the firms listed are stewards of roughly $2 trillion in DC assets, and have roughly 19 million participants—and they’re doing it from more than 1,900 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 2022 Top DC Multi-Office Firms at https://www.napa-net.org/top-dc-advisor-multi-office-firms-2022.
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 Summer 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/top-dc-advisor-teams-2022.