Is My Financial Advisor a Fiduciary? Registration of 127 Firms (2026)

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Updated September 28, 2026. Quick answer: Of 127 advisory firms whose own Form CRS we have read and published a page for, 43 are registered with the SEC as both an investment adviser and a broker-dealer, so the same firm can owe you a fiduciary duty on an advisory account and the Regulation Best Interest standard on a brokerage account. 83 are registered as investment advisers only, and 1 is a bank that is not SEC-registered. The table below shows each firm’s registration as the SEC’s own public record states it for the firm’s CRD number, with a link to our page on what that firm’s Form CRS says about its standard of conduct and how its professionals are paid.

What this roster shows, and what it does not

Each row names the legal entity our page for that firm covers, its CRD number, and two fields from the SEC Investment Adviser Public Disclosure record for that CRD: whether its investment adviser registration is active, and whether it holds a broker-dealer registration. A firm is marked a dual registrant only when both are active on the same CRD.

Registration describes the entity, not every account or every person. An entity registered only as an investment adviser can belong to a group with a separate affiliated broker-dealer, and some of its professionals may also be licensed there. Whether any account you hold is advisory or brokerage, and which standard applies to it, is set out in the firm’s Form CRS and your account agreement; each firm’s own page, linked in its row, quotes what that document says. This roster makes no judgement about any firm.

How the firms are registered

All 127 firms, A to Z

How to check a firm that is not listed

Search the firm on the SEC’s Investment Adviser Public Disclosure site, open its Form CRS, and read the section on standard of conduct: an adviser acting as your investment adviser owes you a fiduciary duty, and a broker-dealer making a recommendation owes you Regulation Best Interest. Our five-minute verification guide walks through it, and fiduciary versus suitability explains the difference. For what the same firms charge, see advisor fees at $500,000 by firm, minimum investments by firm and exit fees by firm.

Sources

The registration columns come from the SEC Investment Adviser Public Disclosure record for each firm’s CRD, read on September 28, 2026. The entity names and Form CRS dates come from each firm’s own Form CRS (Client Relationship Summary), read for each firm individually; the per-firm page linked in each row carries that firm’s citation, its archived document and links to its SEC record. The one bank in the roster is identified from its own Form CRS and its FDIC record. The roster spans 9 published research waves; Form CRS dates differ by firm because firms file on their own schedules.

Methodology

This page is generated from the same per-firm records that produce the 127 linked pages. Before publication every one of the 126 CRD numbers was looked up on the SEC record and checked to resolve to the named firm with an active adviser registration, and every dual-registrant mark was checked against both the record and the live page it links to, so the roster and the pages cannot disagree. Counts are computed at build time, never typed. We are not an investment adviser and this is not personalised advice; it is a reading of public filings. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.