Daily Advisor News

In today's Daily Advisor News, the RIA sector registered $1.9B in net flow and $2.4B in net AUM growth across tracked SEC filings. Headline gains were dominated by Aerie Advisory Group LLC, which expanded its footprint by $1.9B to reach $2.5B. Industry totals also showed a net addition of 31 advisors across 25 locations.

Growth among existing firms was led by Aerie Advisory Group LLC with a 307.5% jump from $618.1M to $2.5B. Rhame & Gorrell Wealth Management added $215.8M to bring its AUM to $1.3B, while Bay Pointe Financial gained $115.9M. No tracked firms posted net AUM losses for the period.

New registrations brought 22 firms into the data set, including 9 with reporting assets totaling $1.1B. Top new entrants included H Squared Management LP ($151.9M), EGSI Investment Management ($144.7M), and Wealth Script Advisors ($121.4M). Meanwhile, 3 deregistrations removed $1.5B in regulatory AUM, led by Sunflower Wealth Advisors LLC ($812.8M), Red Tortoise ($382.3M), and Ransom Advisory ($317.9M). Note that Form ADV regulatory AUM represents reported regulatory assets and may differ from commercial fund metrics.