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Top 3 financial advisor firms in Billings

3 SEC-registered financial advisor firms are headquartered in Billings, MT, with $2.08B in combined regulatory assets under management. The largest by assets are Allied Investment Advisors ($1.49B), Capstone Wealth Management ($354M) and Cladis Investment Advisory ($243M).

3
Financial advisor firms
$2.08B
Their combined AUM
$354M
Median firm AUM
1,359
Clients of the top 3

The 3 largest by assets

  1. 1
    Allied Investment Advisors

    RIA

    $1.49B

  2. 2
    Capstone Wealth Management

    RIA

    $354M

  3. 3
    Cladis Investment Advisory

    RIA

    $243M

Profiles of the top 3

No. 1 · RIA

Allied Investment Advisors

Allied Investment Advisors is an investment adviser based in Billings, MT, registered with the SEC since 2014. 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 $1.49 billion, as filed on 29 July 2026.

Allied Investment Advisors charges up to 1.50% a year for its Asset Management Services.

Regulatory AUM
$1.49B
Clients
1,071
Advisory staff
11
Fee schedule
Up to 1.50% a year
Custodians
Charles Schwab
Headquarters
3409 Transtech Way, Suite A, Billings, MT 59102
Phone
406-839-2037
Website
alliedinvest.net

No. 2 · RIA

Capstone Wealth Management

Capstone Wealth Management is an investment adviser based in Billings, MT, registered with the SEC since 2025. 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 $354 million, as filed on 25 March 2026.

Capstone Wealth Management charges 0.55%–2.00% for its Wealth Management Services. The brochure does not state whether the rate is annual.

Regulatory AUM
$354M
Clients
169
Advisory staff
4
Founded
2001
Fee schedule
0.55% to 2.00%
Custodians
Charles Schwab
Headquarters
1731 Poly Drive, Billings, MT 59102
Phone
406-325-1500
Website
capstoneretire.com

No. 3 · RIA

Cladis Investment Advisory

Cladis Investment Advisory is an investment adviser based in Billings, MT, registered with the SEC since 2022. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and corporations and other businesses. Its regulatory assets under management total $243 million, as filed on 5 March 2026.

Cladis Investment Advisory charges 0.75%–1.25% a year for its Portfolio management.

Regulatory AUM
$243M
Clients
119
Advisory staff
3
Fee schedule
0.75% to 1.25% a year
Custodians
J.P. Morgan, Wells Fargo Clearing Services
Headquarters
180 S. 32nd St. West, Suite 1, Billings, MT 59102
Phone
406-259-4939
Website
cladisadvisory.com

Questions about financial advisors in Billings

How many financial advisor firms are headquartered in Billings?

3 SEC-registered financial advisor firms report their principal office in Billings, MT, managing $2.08B in regulatory assets between them. The other 1 adviser 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 Billings?

Allied Investment Advisors, with $1.49B in regulatory assets under management on its latest Form ADV. The next largest are Capstone Wealth Management ($354M) and Cladis Investment Advisory ($243M).

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

How large is a typical financial advisor firm in Billings?

The median firm manages $354M in regulatory assets. That is the midpoint of the 3 firms headquartered in Billings.

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

How much do financial advisors in Billings charge?

Of the 3 largest firms, 3 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.25% 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 Billings?

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

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