FinCEN AML scope: New York's investment advisers
1,494 of New York'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 New York
76.4% of New York's firms advise at least one private fund, the highest share of the ten largest states, and nearly double the national rate of 39.8%. A median New York firm in scope manages $893.8 million, roughly twice the national median of $440.3 million, and only 24.4% of New York firms have 5 people or fewer, well under the national 40.9%. New York looks less like the rest of this list and more like the industry's center of gravity.
New York's numbers, in full
- Firms in scope
- 1,494
- Median staff
- 11
- Fewer than 20 people
- 1,027 (68.7%)
- 5 people or fewer
- 364 (24.4%)
- Custody of client cash or securities
- 997 (66.7%)
- A related person holds custody
- 1,009 (67.5%)
- Advise at least one private fund
- 1,141 (76.4%)
- Median AUM
- $893.8 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.