We are extremely excited to announce the list of 2024 Top DC Advisor Multi-Office Firms—all with more than $1 billion in assets under advisement.
From the day we launched our call for Top DC Advisor Teams, there has been an interest in a related compilation that captures the defined contribution assets of an entire advisor firm or a multi-office arrangement.
This year’s list—our sixth annual—is based on self-reported defined contribution (DC) assets under advisement (AUA) as of Dec. 31, 2023. To be included, organizations had to have more than one office or physical location. And once again, this year we have limited this list to firms with more than $1 billion in AUA.
The firms listed differ in 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, 2023—like 2021—has been another busy year on the M&A front, although it has slowed somewhat.
The firms listed are stewards of roughly $1.4 trillion in DC assets and have roughly 19 million participants. They do this 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 have 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 find the list of 2024 Top DC Multi-Office Firms at:
https://www.napa-net.org/top-dc-advisor-multi-office-firms-2024
We appreciate the commitment and hard work of the teams acknowledged—and are proud to have the opportunity to share it here, as well as in the summer issue of NAPA Net the Magazine.
You should also check out (again) our list of the Top DC Advisor Teams with AUAs over $100 million at https://www.napa-net.org/napa-top-dc-advisor-teams-2024.
Please Note: The accolade is based on the previous calendar year’s numbers but was too unwieldy and confusing to tag it as such. We have updated the title to reflect the year in which it’s released even though it is still based on last year’s numbers. Hence you will not find a list titled “2023” in the archives.
