FinCEN AML scope: Connecticut’s investment advisers
346 of Connecticut’s SEC-registered investment advisers clear FinCEN’s three-part AML scope test, from the SEC’s own roster dated 2026-10-02. See the exact filter and sources for how that population is defined.
What stands out in Connecticut
Connecticut trails only New York on two measures: 65.0% of its firms advise at least one private fund (the second-highest share of the ten), and 66.5% hold custody of client cash or securities (the second-highest share). Both run well above the national rates of 39.9% and 56.3%. Connecticut's profile reads like a smaller version of New York's, concentrated funds and custody rather than a broad base of retail advisers.
Connecticut’s numbers, in full
- Firms in scope
- 346
- Median staff
- 9
- Fewer than 20 people
- 259 (74.9%)
- 5 people or fewer
- 99 (28.6%)
- Custody of client cash or securities
- 230 (66.5%)
- A related person holds custody
- 200 (57.8%)
- Advise at least one private fund
- 225 (65.0%)
- Median AUM
- $697.7 million
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. The custody figures above count roster disclosures only. Whether a qualified custodian’s own AML program covers the adviser is a separate question, answered on its own page.