Top 10 financial advisor firms in Cleveland

13 SEC-registered financial advisor firms are headquartered in Cleveland, OH, with $101B in combined regulatory assets under management. The largest by assets are Mai Capital Management ($52.1B), Clearstead Advisors ($33.9B) and Wellspring Financial Advisors ($5.06B).

13
Financial advisor firms: $101B
Their combined AUM: $867M
Median firm AUM: 31,695
Clients of the top 10

The 10 largest by assets

1
Mai Capital Management
RIA
$52.1B
0.80% to 1.00% a year
2
Clearstead Advisors
RIA
$33.9B
0.10% to 1.00% a year
3
Wellspring Financial Advisors
RIA
$5.06B
0.15% to 0.75% a year
4
Ancora Private Wealth Advisors
RIA
$3.9B
0.30% to 1.00% a year
5
FSM Wealth Advisors
RIA
$1.39B
0.15% to 1.25% a year
6
Beacon Financial Advisory
RIA
$901M
Regulatory AUM
7
Vantage Financial Group
RIA
$867M
1.00% to 2.25%
8
First Fiduciary Investment Counsel
RIA
$566M
0.50% to 1.00%
9
Park Edge Advisors
RIA
$523M
1.50% to 1.50% a year
10
Cleveland Wealth
RIA
$507M
0.65% to 1.50% a year

Profiles of the top 10

No. 1 · RIA

Mai Capital Management

Mai Capital Management is an investment adviser based in Cleveland, OH, registered with the SEC since 2000. 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 $52.1 billion, as filed on 1 October 2026.

Mai Capital Management charges 0.80%–1.00% a year for its Investment Management, Blended Asset Allocation.

Regulatory AUM: $52.1B
Clients: 16,261
Advisory staff: 230
Fee schedule: 0.80% to 1.00% a year
Minimum account: $500,000
Custodians: Fidelity, Charles Schwab
Headquarters: 6050 Oak Tree BLVD, Suite 500, Cleveland, OH 44131
Phone: 216-920-4800
Website: maiinvest.com

No. 2 · RIA

Clearstead Advisors

Clearstead Advisors is an investment adviser based in Cleveland, OH, registered with the SEC since 1988. It provides financial planning and investment management. Its clients include high-net-worth individuals, corporations and other businesses, and pension and profit-sharing plans. Its regulatory assets under management total $33.9 billion, as filed on 31 July 2026.

Clearstead Advisors charges 0.10%–1.00% a year for its Investment Advisory Fees.

Regulatory AUM: $33.9B
Clients: 4,819
Advisory staff: 104
Fee schedule: 0.10% to 1.00% a year
Custodians: Fidelity, Charles Schwab
Headquarters: 1100 Superior Ave East, Suite 700, Cleveland, OH 44114
Phone: 216-621-1090
Website: clearstead.com

No. 3 · RIA

Wellspring Financial Advisors

Wellspring Financial Advisors is an investment adviser based in Cleveland, OH, registered with the SEC since 2007. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $5.06 billion, as filed on 23 June 2026.

Wellspring Financial Advisors charges 0.15%–0.75% a year for its Standard asset-based fee schedule.

Regulatory AUM: $5.06B
Clients: 148
Advisory staff: 11
Fee schedule: 0.15% to 0.75% a year
Custodians: Fidelity
Headquarters: 5900 Landerbrook Drive, Suite 100, Cleveland, OH 44125
Phone: 216-367-0680
Website: wellspringfo.com

No. 4 · RIA

Ancora Private Wealth Advisors

Ancora Private Wealth Advisors is an investment adviser based in Cleveland, OH, registered with the SEC since 2003. It provides financial planning and investment management. Its clients include high-net-worth individuals, corporations and other businesses, and pension and profit-sharing plans. Its regulatory assets under management total $3.9 billion, as filed on 1 April 2026.

Ancora Private Wealth Advisors charges 0.30%–1.00% a year for its Portfolio Management.

Regulatory AUM: $3.9B
Clients: 4,509
Advisory staff: 29
Fee schedule: 0.30% to 1.00% a year
Custodians: Fidelity, Charles Schwab
Headquarters: 6060 Parkland Boulevard, Suite 200, Cleveland, OH 44124
Phone: 216-825-4000
Website: ancora.net

No. 5 · RIA

FSM Wealth Advisors

FSM Wealth Advisors is an investment adviser based in Cleveland, OH, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $1.39 billion, as filed on 30 March 2026.

FSM Wealth Advisors charges 0.15%–1.25% a year for its Investment Consulting and Advisory Fees.

Regulatory AUM: $1.39B
Clients: 879
Advisory staff: 17
Founded: 2018
Fee schedule: 0.15% to 1.25% a year
Custodians: Fidelity, Charles Schwab
Headquarters: 22901 Millcreek BLVD., Suite 225, Cleveland, OH 44122
Phone: 216-468-1333
Website: journey-wealth.com

No. 6 · RIA

Beacon Financial Advisory

Beacon Financial Advisory is an investment adviser based in Cleveland, OH, registered with the SEC since 2016. 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 $901 million, as filed on 17 March 2026.

Regulatory AUM: $901M
Clients: 1,556
Advisory staff: 13
Custodians: Charles Schwab, Fidelity
Headquarters: 25825 Science Park Drive, Suite 110, Cleveland, OH 44122
Phone: 216-910-1850
Website: beaconplanners.com

No. 7 · RIA

Vantage Financial Group

Vantage Financial Group is an investment adviser based in Cleveland, OH, registered with the SEC since 1988. 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 $867 million, as filed on 30 March 2026.

Vantage Financial Group charges 1.00%–2.25% for its Portfolio management services. The brochure does not state whether the rate is annual.

Regulatory AUM: $867M
Clients: 2,521
Advisory staff: 22
Fee schedule: 1.00% to 2.25%
Custodians: Pershing
Headquarters: 6200 Rockside Road, Cleveland, OH 44131
Phone: 216-642-7878
Website: vanfin.com

No. 8 · RIA

First Fiduciary Investment Counsel

First Fiduciary Investment Counsel is an investment adviser based in Cleveland, OH, registered with the SEC since 1976. 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 $566 million, as filed on 27 March 2026.

First Fiduciary Investment Counsel charges 0.50%–1.00% for its Standard management fee. The brochure does not state whether the rate is annual.

Regulatory AUM: $566M
Clients: 276
Advisory staff: 3
Fee schedule: 0.50% to 1.00%
Custodians: Charles Schwab, Stifel, Nicolaus & Company, Lincoln Investment Planning
Headquarters: 6100 Oak Tree BLVD. Suite 185, Cleveland, OH 44131
Phone: 216-643-9100
Website: firstfiduciary.com

No. 9 · RIA

Park Edge Advisors

Park Edge Advisors is an investment adviser based in Cleveland, OH, registered with the SEC since 2022. 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 $523 million, as filed on 27 May 2026.

Park Edge Advisors charges 1.50% a year for its Portfolio Management Fees.

Regulatory AUM: $523M
Clients: 330
Advisory staff: 5
Founded: 2021
Fee schedule: 1.50% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 2360 W 11th St, Cleveland, OH 44113
Phone: 216-727-0144
Website: parkedgeadvisors.com

No. 10 · RIA

Cleveland Wealth

Cleveland Wealth is an investment adviser based in Cleveland, OH, registered with the SEC since 2019. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $507 million, as filed on 2 July 2026.

Cleveland Wealth charges 0.65%–1.50% a year for its Portfolio Management.

Regulatory AUM: $507M
Clients: 396
Advisory staff: 3
Founded: 2015
Fee schedule: 0.65% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 600 Superior Avenue East, Suite 2550, Cleveland, OH 44114
Phone: 216-810-5900
Website: clevelandwealth.com

Questions about financial advisors in Cleveland

How many financial advisor firms are headquartered in Cleveland?

13 SEC-registered financial advisor firms report their principal office in Cleveland, OH, managing $101B in regulatory assets between them. The other 18 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 Cleveland?

Mai Capital Management, with $52.1B in regulatory assets under management on its latest Form ADV. The next largest are Clearstead Advisors ($33.9B) and Wellspring Financial Advisors ($5.06B).

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

How large is a typical financial advisor firm in Cleveland?

The median firm manages $867M in regulatory assets. That is the midpoint of the 13 firms headquartered in Cleveland.

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

How much do financial advisors in Cleveland charge?

Of the 10 largest firms, 9 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 0.75% to 2.25% 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 Cleveland?

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

Cleveland has 13 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Cleveland

Top financial advisor firms in other Ohio cities