FinCEN AML scope: Colorado's investment advisers
248 of Colorado's SEC-registered investment advisers clear FinCEN's three-part AML scope test, from the SEC's own roster dated 2026-08-03. See the exact filter and sources for how that population is defined.
What stands out in Colorado
A median Colorado firm in scope manages $320.6 million, the lowest median AUM among the ten largest states, and 45.2% of its firms have 5 people or fewer, the second-highest concentration of small firms in this group, both against a national median of $440.3 million and a national 5-or-fewer share of 40.9%. Colorado's in-scope firms run leaner than almost anywhere else on this list.
Colorado's numbers, in full
- Firms in scope
- 248
- Median staff
- 6
- Fewer than 20 people
- 214 (86.3%)
- 5 people or fewer
- 112 (45.2%)
- Custody of client cash or securities
- 160 (64.5%)
- A related person holds custody
- 62 (25.0%)
- Advise at least one private fund
- 74 (29.8%)
- Median AUM
- $320.6 million
Firms in scope
Median staff
Fewer than 20 people
5 people or fewer
Custody of client cash or securities
A related person holds custody
Advise at least one private fund
Median AUM
This page is independent research, not legal advice, computed from the SEC's own public roster of investment advisers. See the method and sources. Verify anything load-bearing against the Federal Register text itself before acting on it.