FinCEN AML scope: Texas's investment advisers
786 of Texas'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 Texas
Texas holds two numbers in tension. Only 50.8% of its firms have custody of client cash or securities, the lowest share of the ten, below the national 56.3%. At the same time, 47.6% advise at least one private fund, above the national 39.8%. Texas firms manage other people's fund exposure more often than they hold their assets directly.
Texas's numbers, in full
- Firms in scope
- 786
- Median staff
- 7
- Fewer than 20 people
- 631 (80.3%)
- 5 people or fewer
- 298 (37.9%)
- Custody of client cash or securities
- 399 (50.8%)
- A related person holds custody
- 315 (40.1%)
- Advise at least one private fund
- 374 (47.6%)
- Median AUM
- $470.7 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.