RIA Database^® ranked the Top 50 ETF Power Users.

RIA Database is the leading provider of advisor data, profiles and prospecting software for the financial services industry. They manage current and historical profiles on over one million advisors across all channels: the RIA Channel, broker/dealers, family offices, foundations, institutional investors and banks. They are producers of the Forbes Top RIA list for over ten years and provide surveys and rankings for several industry publications as well.

RIA Database identified and ranked RIA wealth management firms using the most exchange traded funds (ETFs). Wealth managers were defined by the following characteristics:

1. Total assets were primarily managed for high net worth and non-high net worth individual clients.
2. Each firm provides comprehensive wealth management services.
3. Firms may be a family office or may provide family office services.
4. Firms may provide financial planning services. Broker/dealers were excluded. Firms must be domiciled in the United States and registered with the SEC as a registered investment adviser (RIA).

Wealth managers were then ranked based on ETF usage as reported to the SEC per their 13F quarterly Edgar filings as of March 31, 2024. Total ETF assets were aggregated by RIA Database (RIADatabase.com). Assets under management are as reported to the SEC as of March 31, 2024.