Top 10 financial advisor firms in Lexington

20 SEC-registered financial advisor firms are headquartered in Lexington, KY, with $19.6B in combined regulatory assets under management. The largest by assets are Meridian Wealth Management ($4.98B), MCF Advisors ($4.68B) and Keystone Financial Group ($2.34B).

20
Financial advisor firms: $19.6B
Their combined AUM: $339M
Median firm AUM: 20,144
Clients of the top 10

The 10 largest by assets

1
Meridian Wealth Management
RIA
$4.98B
Up to 2.00% a year
2
MCF Advisors
RIA
$4.68B
0.40% to 1.25% a year
3
Keystone Financial Group
RIA
$2.34B
0.25% to 2.00% a year
4
E.S. Barr & Company
RIA
$2.22B
0.50% to 1.25% a year
5
Asio Capital
RIA
$805M
0.50% to 1.15% a year
6
Ballast
RIA
$752M
1.15% to 1.75% a year
7
Alpha Financial Partners
RIA
$460M
0.50% to 1.00% a year
8
Paragon Private Wealth Management
RIA
$458M
0.50% to 1.50% a year
9
Dupree Financial Group
RIA
$404M
0.50% to 1.25% a year
10
FWG Investments
RIA
$349M
Up to 1.50% a year

Profiles of the top 10

No. 1 · RIA

Meridian Wealth Management

Meridian Wealth Management is an investment adviser based in Lexington, KY, registered with the SEC since 2009. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $4.98 billion, as filed on 31 March 2026.

Meridian Wealth Management charges up to 2.00% a year for its Portfolio Management Services.

Regulatory AUM: $4.98B
Clients: 5,533
Advisory staff: 59
Fee schedule: Up to 2.00% a year
Custodians: Pershing, Charles Schwab, Fidelity
Headquarters: 100 W Main Street, Suite 450, Lexington, KY 40507
Phone: 859-543-4516
Website: meridianwealthllc.com

No. 2 · RIA

MCF Advisors

MCF Advisors is an investment adviser based in Lexington, KY, registered with the SEC since 2004. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $4.68 billion, as filed on 24 August 2026.

MCF Advisors charges 0.40%–1.25% a year for its Portfolio management for individuals and/or small businesses.

Regulatory AUM: $4.68B
Clients: 3,539
Advisory staff: 30
Fee schedule: 0.40% to 1.25% a year
Custodians: Charles Schwab, Great-West Trust
Headquarters: 333 West Vine Street, 12th Floor, Lexington, KY 40507
Phone: 859-967-0999
Website: mcfadvisors.com

No. 3 · RIA

Keystone Financial Group

Keystone Financial Group is an investment adviser based in Lexington, KY, registered with the SEC since 2014. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $2.34 billion, as filed on 29 September 2026.

Keystone Financial Group charges 0.25%–2.00% a year for its Asset Management Services.

Regulatory AUM: $2.34B
Clients: 6,628
Advisory staff: 33
Fee schedule: 0.25% to 2.00% a year
Custodians: LPL Financial, Charles Schwab
Headquarters: 527 Wellington Way, Ste 225, Lexington, KY 40503
Phone: 859-317-8316
Website: keystoneky.com

No. 4 · RIA

E.S. Barr & Company

E.S. Barr & Company is an investment adviser based in Lexington, KY, registered with the SEC since 1993. It provides investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $2.22 billion, as filed on 30 March 2026.

E.S. Barr & Company charges 0.50%–1.25% a year for its Portfolio value fee schedule.

Regulatory AUM: $2.22B
Clients: 432
Advisory staff: 3
Founded: 1992
Fee schedule: 0.50% to 1.25% a year
Custodians: Raymond James, Charles Schwab
Headquarters: 1999 Richmond Road, Suite 1b, Lexington, KY 40502
Phone: 859-266-1300
Website: esbarr.com

No. 5 · RIA

Asio Capital

Asio Capital is an investment adviser based in Lexington, KY, registered with the SEC since 2018. It provides investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $805 million, as filed on 26 March 2026.

Asio Capital charges 0.50%–1.15% a year for its Portfolio Management.

Regulatory AUM: $805M
Clients: 294
Advisory staff: 6
Founded: 2018
Fee schedule: 0.50% to 1.15% a year
Custodians: Charles Schwab
Headquarters: 220 Lexington Green Circle, Suite 420, Lexington, KY 40503
Phone: 859-785-4130
Website: asiocapital.com

No. 6 · RIA

Ballast

Ballast is an investment adviser based in Lexington, KY, registered with the SEC since 2014. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $752 million, as filed on 14 July 2026.

Ballast charges 1.15%–1.75% a year for its Investment Management Services.

Regulatory AUM: $752M
Clients: 476
Advisory staff: 8
Founded: 2008
Fee schedule: 1.15% to 1.75% a year
Custodians: Charles Schwab
Headquarters: 400 East Vine St, Suite 400, Lexington, KY 40507
Phone: 859-226-0625
Website: ballastplan.com

No. 7 · RIA

Alpha Financial Partners

Alpha Financial Partners is an investment adviser based in Lexington, KY, registered with the SEC since 2020. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $460 million, as filed on 24 July 2026.

Alpha Financial Partners charges 0.50%–1.00% a year for its Wealth Management Services.

Regulatory AUM: $460M
Clients: 402
Advisory staff: 5
Fee schedule: 0.50% to 1.00% a year
Custodians: Fidelity
Headquarters: 319 Cedar St., Suite 201, Lexington, KY 40508
Phone: 859-785-2660
Website: alphaky.com

No. 8 · RIA

Paragon Private Wealth Management

Paragon Private Wealth Management is an investment adviser based in Lexington, KY, registered with the SEC since 2021. It provides financial planning and investment management. Its clients include high-net-worth individuals, state or municipal government entities and individual clients. Its regulatory assets under management total $458 million, as filed on 19 March 2026.

Paragon Private Wealth Management charges 0.50%–1.50% a year for its Investment Management and Wealth Management.

Regulatory AUM: $458M
Clients: 169
Advisory staff: 2
Fee schedule: 0.50% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 300 West Vine Street, Suite 2201, Lexington, KY 40507
Phone: 859-300-3985
Website: paragonmgmt.com

No. 9 · RIA

Dupree Financial Group

Dupree Financial Group is an investment adviser based in Lexington, KY, registered with the SEC since 2010. It provides investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $404 million, as filed on 24 August 2026.

Dupree Financial Group charges 0.50%–1.25% a year for its Portfolio Management Services.

Regulatory AUM: $404M
Clients: 825
Advisory staff: 6
Fee schedule: 0.50% to 1.25% a year
Minimum account: $25,000
Custodians: Charles Schwab, Fidelity, Fidelity
Headquarters: 237 East Main Street, Lexington, KY 40507
Phone: 859-233-0400
Website: dupreefinancial.com

No. 10 · RIA

FWG Investments

FWG Investments is an investment adviser based in Lexington, KY, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and pension and profit-sharing plans. Its regulatory assets under management total $349 million, as filed on 22 May 2026.

FWG Investments charges up to 1.50% a year for its Asset management services.

Regulatory AUM: $349M
Clients: 1,846
Advisory staff: 10
Fee schedule: Up to 1.50% a year
Minimum account: $10,000
Custodians: Fidelity
Headquarters: 2704 Old Rosebud Road, Suite 160, Lexington, KY 40509
Phone: 859-309-0349
Website: thefamilywealthgroup.com

Questions about financial advisors in Lexington

How many financial advisor firms are headquartered in Lexington?

20 SEC-registered financial advisor firms report their principal office in Lexington, KY, managing $19.6B in regulatory assets between them. The other 2 advisers headquartered in the city are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Lexington?

Meridian Wealth Management, with $4.98B in regulatory assets under management on its latest Form ADV. The next largest are MCF Advisors ($4.68B) and Keystone Financial Group ($2.34B).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Lexington?

The median firm manages $339M in regulatory assets. That is the midpoint of the 20 firms headquartered in Lexington.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Lexington charge?

Of the 10 largest firms, 10 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% to 2.00% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Lexington?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

Lexington has 20 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Lexington

Top financial advisor firms in other Kentucky cities