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ast week the Fed left rates unchanged and even hinted that its rate hikes might be over. That has been good news for the stock market which is up 14% so far in 2023, as many believe we will avoid a recession. Solid jobs and consumer data have added to investor confidence but inflation is still above the Fed’s 2% stated target. It’s likely that interest rates will remain higher for longer and smart wealth managers have been reallocating client assets toward fixed income and private credit. The wealth management teams featured here have multiple client facing advisors and a broad range of expertise and services. Teams in the private wealth category are those that primarily focus on accounts with $10 million or higher, though minimums for related household accounts can and often are lower. The second annual Forbes/Shook Top Wealth Management Teams Private Wealth list has 100 teams with cumulative assets of more than $1 trillion. Forbes’ list was compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank teams.
The Full List
Listees do not pay a fee for placement on Forbes Rankings. Listees on this ranking highlighted in color have paid a fee for enhanced features on their corresponding profile.
NAME
FIRM
TEAM MEMBERS
MAIN OFFICE
MIN ACCOUNT SIZE
ASSETS UNDER MANAGEMENT
1
545 Group
Morgan Stanley Private Wealth Management
Greg Vaughan, Mark Douglass, Jason Bogardus, Katie Partridge, Dan Soares
Menlo Park, California
See AlsoDo I Have to Be Uber-Rich to Get a Wealth Manager?Fidelity Investments Review 2024: Pros, Cons and How It Compares - NerdWalletCareer Advice: Financial Planner or Wealth ManagerIBD's 30 Most Trusted Financial Companies$5M
$40.8B
2Jones Zafari GroupMerrill Private Wealth ManagementRichard Jones, Tom Tournat, Jerry Klein, Dave Niehaus, Audney DePauloCentury City, California$10M$25.6B3The Polk Wealth Management GroupMorgan Stanley Private Wealth ManagementLyon Polk, Sandeep Belani, Deborah Montaperto, Edmund Agresta, Tallie TaylorNew York, New York$50M$34.2B4Hollenbaugh Rukeyser Safro WilliamsUBS Private Wealth ManagementDavid Hollenbaugh, Peter Rukeyser, Wayne Safro, Alex WilliamsNew York, New York$10M$5.1B5The Erdmann GroupMerrill Private Wealth ManagementJeff Erdmann, Rob Giannetti, Mark Brookfield, Tony CarpentieriGreenwich, Connecticut$2.5M$12.6B6The Curtis GroupGraystone Consulting from Morgan StanleyMark Curtis, Karen McDonald, Tim Skelly, Dan Murphy, Matt CurtisPalo Alto, California$3M$223.9B7
Mainsail Wealth Partners
UBS Private Wealth Management
Drew Freides, Michael Kanigher, Steven Westerman, Melanie Desma, Kate Freeman
Los Angeles, California
$10M
$7.4B
8Wise River AdvisorsUBS Private Wealth ManagementCraig Chiate, Mark Binder, Glenn Oratz, James Chiate, Tony GuinaneLos Angeles, California$10M$6B9Chase GroupMorgan Stanley Private Wealth ManagementAndy Chase, Dan McCormick, Beth Smith, Tres EvansMenlo Park, California$5M$21.3B10
Katz Wealth Management
UBS Private Wealth Management
Jason Katz, Kenji Yoshikawa, Marc Green, Bernard Ascher, Robert Schiff
New York, New York
$0
$4.6B
11
The Sharma Group
Merrill Private Wealth Management
Raj Sharma, Christian Kemp, Amit Chandra, Marc Marotta
Boston, Massachusetts
$5M
$5.9B
12Burrows Strzelecki GroupMorgan Stanley Private Wealth ManagementBruce Burrows, Steven StrzeleckiGarden City, New York$5M$24.1B13
The Valdes Group
Merrill Private Wealth Management
Michael Valdes, Michael Shimberg, Darby Duncan
Tampa, Florida
$5M
$7.9B
14The Fowler Bull GroupMorgan Stanley Private Wealth ManagementShawn Fowler, Max BullDenver, Colorado$10M$12.8B15Firring Private Wealth GroupWells Fargo AdvisorsBrian Firring, Kamo Jurn, Monika Orozco, Edward Drake, Linda RasheedBeverly Hills, California$10M$1.3B16Private Executive ServicesMerrill Private Wealth ManagementAndy Kraus, Bob McGinty, Jeffrey Bryan, Christopher Allora, Brian RaphalianNew York, New York$10M$17.8B17The Chiavacci Beckerman GroupMerrill Private Wealth ManagementLouis Chiavacci, Michael BeckermanCoral Gables, Florida$25M$3.3B18The Stackman | Casriel GroupUBS Private Wealth ManagementScott Stackman, Lyle Casriel, Larry Evans, Matthew KleinNew York, New York$25M$8.8B19Team GlobalMorgan Stanley Private Wealth ManagementRon Basu, Christopher Toomey, Rachael Naylor, Matthew Nash, Bart WyandNew York, New York$5M$12.3B20
The Rohr Group
Merrill Private Wealth Management
Peter Rohr, William Leckey, Peter Rohr Jr., Matt Rafferty
Wayne, Pennsylvania
$10M
$5.6B
21Epstein PartnersUBS Private Wealth ManagementAdam Epstein, Sheila Klehm, Tom LaddNew York, New York$10M$4.2B22Capitol Wealth Management GroupMorgan Stanley Private Wealth ManagementMarvin McIntyre, A.J. Fechter, David B. Gray, Donald G. Metzger, Alyson C. ScottWashington, District of Columbia$5M$5.3B23Errico PartnersUBS Private Wealth ManagementChristopher Errico, Adam Galaburda, Sean Kilduff, David M. Friedman, Michael O'HaraNew York, New York$2M$3.7B24
Fratarcangeli Wealth Management
Wells Fargo Advisors
Jeffrey Fratarcangeli, Mark Improta, Cindy Mulonas, Christopher Salerno, Kristen Roach
Bloomfield Hills, Michigan
$5M
$2.1B
25Griepp Jones Palmer GroupMorgan Stanley Private Wealth ManagementTroy Griepp, Anthony Jones, Richard PalmerSan Francisco, California$10M$21.2B26The Westmoreland GroupMerrill Private Wealth ManagementRod Westmoreland, Kelly WestmorelandAtlanta, Georgia$2.5M$4.4B27Wickham Cash PartnersUBS Private Wealth ManagementR. Mitchell Wickham, Greg Cash, Trevor Hoke, Ron Bryson, North MooreCharlotte, North Carolina$5M$16.7B28Zager Fixed Income ManagementMorgan Stanley Private Wealth ManagementDrew Zager, Joseph McCulloughLos Angeles, California$5M$15.4B29
The Summa Group
Oppenheimer
Brian Werdesheim, Jeffrey Werdesheim, Robert Dalie, Gary Chiate, Adam Quarello
Los Angeles, California
$5M
$2.5B
30The Halbfinger GroupUBS Private Wealth ManagementMartin Halbfinger, Douglas Summer, Clifford StoberNew York, New York$5M$4.3B31The Continuum GroupMorgan Stanley Wealth ManagementScott Siegel, Steven Rosbash, Joseph Carmody, Jaynie SiegelNew York, New York$5M$5.6B32The O'Callaghan Thomas GroupJ.P. Morgan Wealth ManagementColleen O'Callaghan, Norman A. ThomasNew York, New York$25M$2.5B33Malone Neuhaus GroupMorgan Stanley Private Wealth ManagementFrancis X. Malone III, Jon Neuhaus, Christopher M. MaloneLos Angeles, California$5M$58.7B35The Cultra Wealth Management GroupWilliam BlairJohn Cultra, Sarah Mercurio, Mark McKinley, Michael WertzChicago, Illinois$5M$4.4B36The Magellan GroupMorgan Stanley Private Wealth ManagementRichard Zinman, Griffin McQuilling, Joseph Dunn, Matthew De Vito, John MorenoNew York, New York$5M$3.6B37
Montage Financial Group
UBS Private Wealth Management
Jonathan Beukelman, Michael Chudd, Mark B. Geist, Jeremy Keller, Jeff Nemechek
Denver, Colorado
$5M
$5.4B
38Gray Polverini TeamMerrill Private Wealth ManagementEric Gray, Lance PolveriniLos Angeles, California$10M$23.6B39The Hansberger GroupMorgan Stanley Private Wealth ManagementJames Hansberger, Morton Levey, John Parker Wilson, Ross CaphtonAtlanta, Georgia$5M$2.7B40
Legacy Multi-Family Group
UBS Private Wealth Management
Ryan Bristol, Patrick Schaffer, Corey Mazza, Barry Peterson, Dhanesh Bharvani
Los Angeles, California
$10M
$2.8B
41
Bermont Carlin Wealth Management
Morgan Stanley Private Wealth Management
Adam Carlin, Gregg Gelber, Brian Exelbert, Jason Goldstrich, David Olazabal
Coral Gables, Florida
$20M
$5B
42The Braff GroupUBS Wealth ManagementDouglas Braff, Douglas Coughlin, Kelly Ganz, Patrick DiSimoneWest Palm Beach, Florida$500K$16.4B43Degenaars-Babb TeamJ.P. Morgan Wealth ManagementGlenn Degenaars, Jason BabbNew York, New York$5M$5B44The Vinder GroupMorgan Stanley Private Wealth ManagementRon Vinder, Amy WoodNew York, New York$20M$4.8B45
Heritage Wealth Advisors
Ameriprise Financial Services
Erin Scannell, Colin M. Sands, Amy Schwab, Steve Fox
Mercer Island, Washington
$0
$2.6B
46Livingstone/Condron TeamMorgan Stanley Private Wealth ManagementDevin Condron, Victor LivingstoneBoston, Massachusetts$10M$5.1B47Munster Freeman GroupMerrill Private Wealth ManagementBruce Munster, David FreemanLos Angeles, California$10M$3.1B48IFC Private Wealth Management GroupWells Fargo AdvisorsMarc Ackerman, Marco Mendoza, Eric Zurbrugg, Francois Viljoen, Nhaman PelphreyLos Angeles, California$10M$2B49Flagship Financial PartnersUBS Private Wealth ManagementMatt Lasko, Brett Gasper, Megan Smith, David Gasper, Maureen MendozaStamford, Connecticut$0$11.2B50The 650 TeamMorgan Stanley Private Wealth ManagementRich Petit, Tim Emanuels, Steve Ashley, William Ross, Mike JenkinsSan Francisco, California$10M$13B51Babrick-Wilcox TeamJ.P. Morgan Wealth ManagementMatthew Babrick, James WilcoxLos Angeles, California$20M$5.2B52The Evelo|Singer|Sullivan|Bruegge GroupMerrill Private Wealth ManagementDavid Singer, Linnell Sullivan, Kevin Bruegge, Jamie Morgan, Thomas HurleyCincinnati, Ohio$5M$6.8B53The Sawyer GroupMorgan Stanley Private Wealth ManagementMike Sawyer, Alexandra Sawyer, Andrew SawyerMiami, Florida$25M$3.5B54The Capital ESOP GroupUBS Wealth ManagementKeith Apton, Nick FranciaWashington, District of Columbia$5M$3.5B55LongBernsteinGundersonUBS Private Wealth ManagementRyan Long, Bradford Bernstein, Louise Gunderson, Nina GundersonDallas, Texas$2M$5.3B56The Waldele GroupMerrill Wealth ManagementRobert Waldele, Jason Salgado, James Elliott, Bobby WaldeleNew York, New York$3M$4.8B57The Princi GroupGraystone Consulting from Morgan StanleyPeter Princi, Bradley Scioletti, Michael J. Landers, Edward Moore, Daniel DrewBoston, Massachusetts$5M$7.6B58The Poppo GroupUBS Wealth ManagementMichael PoppoNew York, New York$10M$1.5B59KLT GroupMorgan Stanley Private Wealth ManagementJimmy Klein, Rick Keller, Bobby Thomason, Robert LordLos Angeles, California$5M$4.9B60
FCS Private Wealth Management & Family Office
Wells Fargo Advisors
Tom Freeman, Ted Chartier, Matt Sayers, Susan Freeman, Sarah Tiedt
Leawood, Kansas
$1M
$1.8B
61
The Matthews Group
UBS Private Wealth Management
Michael Matthews, Tyler T. Matthews, Melanie L. Matthews
Bellevue, Washington
$3M
$2.2B
62The Pearce GroupMerrill Wealth ManagementKent Pearce, Karl Porter, Jeremy Kober, Jason SlotkinTowson, Maryland$3M$2.5B63Sage Wealth ManagementMorgan Stanley Private Wealth ManagementMark Seruya, Russell Ganz, David Berdon, Ryan Willsen, Elizabeth SmithNew York, New York$5M$2.3B64
Hidden Oak Partners
UBS Private Wealth Management
Wendy Holmes, Lizzie Decarlo, Katie Jones
New York, New York
$10M
$1.5B
65Tyler, Bybee, Lane, Morales GroupMerrill Private Wealth ManagementJohn Tyler, Joe Bybee, Tyler Lane, Malia MoralesHouston, Texas$10M$3.2B66The 415 GroupMorgan Stanley Private Wealth ManagementJonathan Usich, Victoria Bailey, William LyonSan Francisco, California$25M$4.8B67Private Family Wealth PartnersUBS Private Wealth ManagementRyan McClellan, William Calvert, Scott Harries, Kirk Wendorf, Dan GrayLos Angeles, California$10M$31.9B68HLM Capital ManagementWells Fargo AdvisorsSteve Hefter, Benjamin Leshem, Charles Margolis, Micah NathanHighland Park, Illinois$3M$2.5B69Dyer TeamMerrill Private Wealth ManagementRobert Dyer, Matthew GattoNew York, New York$5M$2.1B70The Shadden GroupMorgan Stanley Private Wealth ManagementJohn Shadden, Mike Van Dyke, Gary Velek, Stephen Shanklin, Melissa ShaddenLong Beach, California$1M$4.6B71The OCB GroupJ.P. Morgan Wealth ManagementGreg Onken, Drew Corradini, Brian BrociousSan Francisco, California$5M$5B72The Olson GroupMerrill Wealth ManagementJohn Olson, Kyle Olson, Alexander GalassoNew York, New York$2M$2.3B73Moriarity / DeHond / Mulka / SchererMorgan Stanley Private Wealth ManagementJim Moriarity, Brad DeHond, Emily Mulka, Bryan SchererChicago, Illinois$20M$3.7B74
The Canell Group
J.P. Morgan Wealth Management
Jay Canell, Neil Canell, Justin Dembo, Jake Klarberg, Benjamin Mayo
New York, New York
$5M
$2.2B
75The Abacus GroupMorgan Stanley Private Wealth ManagementShawn RubinNew York, New York$5M$2.2B76
Tiano-Smyth Team
J.P. Morgan Wealth Management
Sal Tiano, John Smyth, Daniel Tumba, Jason O'Brien, Greg Saville
Jupiter, Florida
$2M
$3.1B
77Excelsior Wealth ManagementMorgan Stanley Private Wealth ManagementCraig Pastolove, Scott Sklar, Jesse FriedmanNew York, New York$5M$2.1B78Metcalf Fredrickson GroupUBS Private Wealth ManagementRob Metcalf, Judy FredricksonWayzata, Minnesota$50M$4.2B79MBA Private Wealth ManagementMerrill Private Wealth ManagementMichelle Mayer, Chelsea BottaNaples, Florida$5M$1.9B80The Entrepreneurs GroupUBS Private Wealth ManagementEmily Rubin, Ken Shapiro, Tom LivaccariNew York, New York$5M$2.3B81Maybach PartnersJ.P. Morgan Wealth ManagementJordan Mayer, Jennifer MayerNew York, New York$3M$8.6B83The Dillon GroupUBS Wealth ManagementSean Dillon, Chris Dillon, Derek Brown, Mark Ferris, Kevin DillonBoston, Massachusetts$2M$2.2B85Alison Jenkins Podkulski GroupJ.P. Morgan Wealth ManagementBrian G. Jenkins, Brett Alison, Michael PodkulskiAtlanta, Georgia$2.5M$3.2B86Global Institutional Advisory SolutionsMorgan Stanley Wealth ManagementJames Detterick, Ryan C. Lewis, Andrew Griffo, Jeffrey Westcott, Steven LevyNew York, New York$2.5M$48.6B87The Barrett GroupMerrill Wealth ManagementJohn Barrett, Nancy Bello, Brooke Garafalo, Keefe GormanNew York, New York$7M$2.9B88
The Optimal Service Group
Wells Fargo Advisors
Joe Montgomery
Williamsburg, Virginia
$5M
$1.4B
89The Peters GroupMorgan Stanley Wealth ManagementKevin Peters, Jonathan M. Peters, Wenton Camporin, Sean PeakePalm Beach, Florida$5M$3.4B92Hetherington GroupMerrill Private Wealth ManagementBrian HetheringtonNew Canaan, Connecticut$10M$4.1B931935 Wealth Management TeamWilliam BlairTom Wilson, Dick Gottfred, Lindsey HoltonChicago, Illinois$2M$5.1B94The Schultz Group (Morgan Stanley)Morgan Stanley Private Wealth ManagementAndrew Schultz, Kemar Bennett, Peter Collazo, Amanda MolinaMiami Beach, Florida$5M$1.2B95The Locniskar Pursel Bucher Biddinger GroupMerrill Private Wealth ManagementDana Locniskar, Thomas Pursel, Matthew Bucher, Matthew Biddinger, Griffin NienbergBloomfield Hills, Michigan$2.5M$3.9B96The Weikes GroupJ.P. Morgan Wealth ManagementLiz Weikes, John SlatteryNew York, New York$5M$5B97Stephans Van Liew and Oiler GroupGraystone Consulting from Morgan StanleyKristina Van Liew, Linda Stephans, Erik Oiler, Kelli Schrade, Kelly GreenChicago, Illinois$10M$8B98Graystone Consulting - ChicagoGraystone Consulting from Morgan StanleyJames Whitney, Michael Sakach, Mary DiChristofano, Brian Birnbaum, Stephanie CarlisleChicago, Illinois$10M$3.8B
