Registered1 year
Assets managed$25 million to $100 million
AdvisorCensus / Financial advisors in the United States / Arizona / Phoenix, AZ / Financial advisors for high-net-worth individuals in Phoenix, AZ
Financial advisors for high-net-worth individuals in Phoenix, AZ
AdvisorCensus lists 299 investment advisory firms with a principal office in the Phoenix metro area that report high-net-worth individuals among their clients on Form ADV Item 5.D, from filings as of October 2026. Item 5.D asks each firm which types of clients it advises; reporting a client type means the firm serves it, not that it serves only that type. Firms are listed alphabetically; each firm's page lists its client types as filed.
299
investment advisory firms
90
fee-only firms
148
SEC-registered
151
state-registered
257,884
households earning $200k+
51 of 299 firms matchShowing 1 to 50
Registered1 year
Assets managed$25 million to $100 million
Registered1 year
Assets managedUnder $25 million
Registered3 years
Assets managed$500 million to $1 billion
Registered4 years
Assets managed$25 million to $100 million
Registered3 years
Assets managedUnder $25 million
Registered0 years
Assets managed$100 million to $500 million
Registered1 year
Assets managed$100 million to $500 million
Registered1 year
Assets managed$100 million to $500 million
Registered1 year
Assets managed$100 million to $500 million
Registered2 years
Assets managed$25 million to $100 million
Registered3 years
Assets managed$1 billion to $5 billion
Registered4 years
Assets managed$1 billion to $5 billion
Registered4 years
Assets managed$100 million to $500 million
Registered0 years
Assets managedUnder $25 million
Registered1 year
Assets managed$100 million to $500 million
Registered1 year
Assets managedUnder $25 million
Registered2 years
Assets managedUnder $25 million
Registered3 years
Assets managed$100 million to $500 million
Registered3 years
Assets managed$100 million to $500 million
Registered2 years
Assets managedUnder $25 million
Registered4 years
Assets managed$25 million to $100 million
Registered1 year
Assets managed$100 million to $500 million
Registered3 years
Assets managed$100 million to $500 million
Registered4 years
Assets managed$1 billion to $5 billion
Registered3 years
Assets managedUnder $25 million
Registered2 years
Assets managed$100 million to $500 million
Registered1 year
Assets managed$100 million to $500 million
Registered1 year
Assets managedUnder $25 million
Registered4 years
Assets managedNot reported
Registered0 years
Assets managedUnder $25 million
Registered4 years
Assets managedUnder $25 million
Registered3 years
Assets managed$25 million to $100 million
Registered4 years
Assets managed$25 million to $100 million
Registered0 years
Assets managed$100 million to $500 million
Registered3 years
Assets managed$100 million to $500 million
Registered0 years
Assets managed$100 million to $500 million
Registered1 year
Assets managedUnder $25 million
Registered0 years
Assets managed$100 million to $500 million
Registered2 years
Assets managed$100 million to $500 million
Registered0 years
Assets managedUnder $25 million
Registered4 years
Assets managed$100 million to $500 million
Registered1 year
Assets managed$100 million to $500 million
Registered0 years
Assets managed$100 million to $500 million
Registered0 years
Assets managed$100 million to $500 million
Registered3 years
Assets managed$25 million to $100 million
Registered2 years
Assets managedUnder $25 million
Registered4 years
Assets managed$100 million to $500 million
Registered0 years
Assets managed$100 million to $500 million
Registered1 year
Assets managed$1 billion to $5 billion
Market overview
Phoenix has 463 investment advisory firms with a principal office in the metro area as of October 2026: 179 SEC-registered, 253 state-registered, and 31 exempt reporting advisers. 122 of them meet AdvisorCensus's fee-only test (paid only by client fees, with no sales-related compensation ties such as an employee registered with a broker-dealer or licensed as an insurance agent), and 231 report under $100 million in regulatory assets under management. The metro area has 1,892,613 households, 257,884 of them with income of $200,000 or more, or 557 such households for each firm (Census Bureau, American Community Survey 2020–2024 5-year estimates).
| Registration | Firms |
|---|---|
| SEC-registered investment advisers | 148 |
| State-registered investment advisers | 151 |
| Exempt reporting advisers | 0 |
| Compensation arrangements (Item 5.E) | Firms |
|---|---|
| Fee-only (AdvisorCensus test) | 90 (30%) |
| Percentage of assets | 288 (96%) |
| Hourly charges | 163 (55%) |
| Subscription fees (newsletter or periodical) | 5 (2%) |
| Fixed fees | 195 (65%) |
| Commissions | 4 (1%) |
| Performance-based fees | 20 (7%) |
| Other | 42 (14%) |
| No compensation arrangements reported (exempt reporting advisers don't file Item 5.E) | 0 |
| Years registered | Firms |
|---|---|
| Under 5 years | 107 (36%) |
| 5 to 9 years | 83 (28%) |
| 10 to 19 years | 75 (25%) |
| 20 years or more | 31 (10%) |
| Not reported | 3 (1%) |
| Regulatory assets under management | Firms |
|---|---|
| Under $25 million | 56 (19%) |
| $25 million to $100 million | 90 (30%) |
| $100 million to $500 million | 107 (36%) |
| $500 million to $1 billion | 8 (3%) |
| $1 billion to $5 billion | 23 (8%) |
| Over $5 billion | 7 (2%) |
| Not reported | 8 (3%) |
How to compare these firms
How the firm is paid
Form ADV Item 5.E lists every way a firm is paid for advice, and the "How paid" filter above lists each one. Of the 299 firms on this page, 288 charge a percentage of assets, 163 charge hourly, 195 charge fixed fees, and 4 list commissions. Commissions and other sales pay more often reach a firm through its people's broker-dealer registrations or insurance licenses, or through a related company, which Item 5.E doesn't cover; the 90 firms that meet AdvisorCensus's fee-only test have none of these ties. Read the guide on fee-only, fee-based, and commission arrangements.
Fee-only, fee-based, and commissionsWho regulates the firm
148 firms here are registered with the SEC, which generally means at least $100 million in regulatory assets under management; 151 are registered with a state securities regulator, typical of smaller firms; 0 are exempt reporting advisers (private fund and venture advisers that file a shorter form and generally do not serve individual clients). The registration type says who examines the firm, not how good it is.
SEC and state registrationDisclosures
Every firm page shows how many of the Form ADV Item 11 disciplinary questions the firm answered yes, with a link to the full record on the SEC's Investment Adviser Public Disclosure site. A yes can range from a decades-old matter at an affiliate to a recent regulatory action; read the record before drawing a conclusion.
Reading a firm's disclosuresSize and tenure
Regulatory assets under management and years registered describe scale and track length, not quality. A small firm may be a single planner who works with a few dozen households; a large one may be an institutional manager that does not take individual clients at all. The client types on each firm page (individuals, high-net-worth individuals, pension plans, and so on) say whom the firm actually serves.
What assets under management meansQuestions people ask
Which financial advisors in Phoenix, AZ work with high-net-worth individuals?
299 investment advisory firms with a principal office in the Phoenix metro area report high-net-worth individuals among their clients on Form ADV Item 5.D, as of October 2026; this page lists them. Form ADV Item 5.D asks every registered adviser which types of clients it advises, with the number of each and the assets it manages for them; a firm appears here when it reports at least one.
How many financial advisory firms are there in Phoenix, AZ?
AdvisorCensus lists 463 investment advisory firms with a principal office in the Phoenix metro area, from Form ADV filings as of October 2026: 179 SEC-registered, 253 state-registered, and 31 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV.
How many fee-only financial advisors are in Phoenix, AZ?
122 of the 463 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed.
How many financial advisors in Phoenix, AZ offer financial planning?
317 of the 432 firms in Phoenix, AZ that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports.
Are the financial advisors in Phoenix, AZ fiduciaries?
Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 122 firms that meet AdvisorCensus's fee-only test report none of those sales ties.
How do I check whether a financial advisor has disciplinary disclosures?
Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck.
Does AdvisorCensus rate, verify, or recommend these firms?
No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content.
What does regulatory assets under management mean?
Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality.
Related pages
Nearby metro areas in Arizona
- Tucson, AZ (64)
- Prescott Valley, AZ (12)
- Flagstaff, AZ (6)
- Lake Havasu City, AZ (2)
- Yuma, AZ (2)
- Sierra Vista, AZ (1)
Cities in the Phoenix metro area
By how firms are paid and whom they serve
- Fee-only financial advisors in Phoenix, AZ (122)
- Flat-fee financial advisors in Phoenix, AZ (247)
- Hourly financial advisors in Phoenix, AZ (214)
- Financial advisors for retirement plans in Phoenix, AZ (111)
- Financial advisors for businesses in Phoenix, AZ (82)
- Financial advisors for charitable organizations in Phoenix, AZ (81)
- Financial advisors with no account minimum in Phoenix, AZ (32)
- Financial advisors for business owners in Phoenix, AZ (3)
- Financial advisors for corporate executives in Phoenix, AZ (1)
- Financial advisors for financial independence and early retirement in Phoenix, AZ (1)
Methodology
What Form ADV is
Form ADV is the registration form investment advisers file with the SEC or with state securities regulators, and update at least once a year. Part 1 reports the firm's identity, registration, ownership, clients, assets under management, compensation arrangements, advisory activities, and disciplinary disclosures. AdvisorCensus reads the SEC's monthly roster, the IAPD compilation feeds for state-registered advisers, and the SEC's filing data, and presents the answers as filed with the period they come from.
How firms are assigned to a metro area
A firm's principal office ZIP code is matched to a core-based statistical area with the HUD-USPS crosswalk, taking the area that holds most of the ZIP's business addresses. A ZIP the crosswalk doesn't carry, such as a PO box, is placed by the filed city and state when every ZIP of that city with the same first three digits falls in one area. Firms whose filing suppresses the office address (a private residence) are placed from the mailing address when one is filed. A state-registered firm that publishes no address appears on the page of the one state it is registered in, because a state-registered adviser registers with the state of its principal office; other firms that publish no address appear on the national index only. Firms in micropolitan areas and outside any statistical area appear on their state page. Metro pages cover the 387 metropolitan statistical areas in the 50 states and the District of Columbia (OMB Bulletin 23-01); Puerto Rico's six are not included.
How this page is derived
Form ADV Item 5.D asks every registered adviser which types of clients it advises, with the number of each and the assets it manages for them; a firm appears here when it reports at least one.
What AdvisorCensus does not do
AdvisorCensus does not verify, rate, review, rank, or recommend firms. Every figure is a filed figure with its period and a link to the firm's record on the SEC's Investment Adviser Public Disclosure site. Order on this page is alphabetical unless you choose another sort, and it never depends on whether a firm has claimed or paid for its page.
Metro area: Phoenix-Mesa-Chandler, AZ (core-based statistical area 38060).
Cite this page
AdvisorCensus. Financial advisors for high-net-worth individuals in Phoenix, AZ: 299 firms from Form ADV filings as of October 2026. https://advisorcensus.com/advisors/az/phoenix/for-high-net-worth-individuals