The wealth management industry in the US plays a crucial role in helping individuals and institutions manage their financial resources. This sector includes firms like investment banks, financial advisors, and private equity groups that offer services such as investment strategy, retirement planning, and estate management. With a growing emphasis on personalized service and technology integration, the industry is evolving rapidly. Trends toward digital wealth management platforms and increasing demand for ESG (environmental, social, governance) investments are reshaping the future. As wealth grows and diversifies, firms that combine expertise with innovative solutions are poised for greater significance.

This list features 12 noteworthy investors in the US wealth management space, representing various types, including venture capital and private equity firms. These firms range in size from small (less than 50 employees) to large (over 10,000 employees). Many were founded in the 21st century, yet they are making impressive impacts in 2024 with significant investment counts – from Y Combinator with 802 investments to Goldman Sachs securing 59 deals. Their operations span prominent cities like New York and San Francisco, highlighting the vibrant investment ecosystem fueling the growth of wealth management services.

Top 12 Wealth Management Investors in the US

1. Y Combinator

• Website: ycombinator.com
• Type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 2005
• Headcount: 51-200
• Number of deals in 2024: 802
• LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies through a structured program that includes resources like the Startup School and co-founder matching services. Y Combinator has successfully launched over 4,000 startups, making it a key player in the technology startup ecosystem. Notably, Y Combinator has invested in several companies within the wealth management space, including PINA Indonesia, which raised $3 million in seed funding to enhance client expansion and product development, and Stack Wealth, which secured $4.5 million in seed funding to develop investment technology solutions. These transactions highlight Y Combinator's engagement in the wealth management sector, showcasing its interest in innovative financial services.

2. HUB International

• Website: hubinternational.com
• Type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Founded year: 1998
• Headcount: 10001+
• Number of deals in 2024: 37
• LinkedIn: hub-international

HUB International Limited is a corporate investor based in Chicago, Illinois, specializing in insurance brokerage and risk management services. Founded in 1998, HUB provides a comprehensive range of products including business insurance, employee benefits, retirement services, and personal insurance. In recent years, HUB has made several strategic acquisitions to bolster its wealth management capabilities. Notably, in August 2022, they acquired WealthPlan Advisors, a registered investment advisor managing over $2.3 billion in assets for nearly 600 clients, which is a clear indication of their focus on expanding their retirement and wealth planning services. Additionally, their acquisitions of Raffa Financial Services and Sheridan Road Financial further illustrate their strategy to integrate wealth management into their service offerings, positioning them as a significant player in the wealth management sector.

3. AssuredPartners

• Website: assuredpartners.com
• Type: Corporate
• Headquarters: Orlando, Florida, United States (USA)
• Founded year: 2011
• Headcount: 10001+
• Number of deals in 2024: 7
• LinkedIn: assuredpartners

AssuredPartners is an insurance brokerage and risk management consulting firm based in Orlando, Florida, founded in 2011. With over 10,000 employees, the company offers a wide range of services, including business insurance, employee benefits, and risk management solutions tailored to meet the needs of both businesses and individual clients. In recent years, AssuredPartners has expanded its footprint in the wealth management sector through strategic acquisitions. Notably, they acquired TJS Financial Services, LLC, which enhances their offerings in retirement plan services and wealth management. Additionally, their acquisition of Medallion Wealth Management, Inc. further demonstrates their commitment to providing wealth management solutions. These transactions reflect AssuredPartners' strategy to diversify and strengthen their service offerings in the wealth management industry.

4. Plug and Play Tech Center

• Website: plugandplaytechcenter.com
• Type: Venture Capital
• Headquarters: Sunnyvale, California, United States (USA)
• Founded year: 2006
• Headcount: 501-1000
• Number of deals in 2024: 253
• LinkedIn: plug-and-play-tech-center

Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In 2024 alone, they have made 253 investments, showcasing their active role in the venture capital landscape. Notably, they have participated in funding rounds for companies relevant to wealth management, such as Grove, a financial planning firm that raised $8 million in Series A funding, and Unifimoney, which raised $10 million in Seed funding to expand its coverage of alternative assets and retirement accounts. These transactions highlight their engagement in the financial sector, making them a significant player in the wealth management space.

5. IFC - International Finance Corporation

• Website: ifc.org
• Type: Venture Capital
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Founded year: 1956
• Headcount: 1001-5000
• Number of deals in 2024: 107
• LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC aims to help these entities access capital and expertise to foster economic growth and address challenges of poverty while promoting sustainable development. In recent years, IFC has been involved in significant transactions that reflect its role in the financial sector, such as the $500 million post-IPO debt raised by HDFC Bank in May 2024 and the $250 million funding round for Absa Group in November 2021. These transactions highlight IFC's active participation in managing substantial financial resources, which is integral to wealth management.

6. Goldman Sachs

• Website: goldmansachs.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1998
• Headcount: 10001+
• Number of deals in 2024: 59
• LinkedIn: goldman-sachs

Goldman Sachs is an investment bank and financial services firm based in New York, New York, founded in 1998. It provides a comprehensive range of services, including investment banking, asset management, and wealth management. Goldman Sachs serves a diverse clientele, including corporations, financial institutions, and individuals, helping them navigate complex financial challenges and achieve their financial goals. Notably, Goldman Sachs has made significant strides in the wealth management sector, exemplified by its acquisition of United Capital in May 2019 for $750 million, which added $25 billion in assets under management and over 220 financial advisors to its portfolio. This move aimed to broaden its reach and enhance service offerings in wealth management. Furthermore, Goldman Sachs has been active in funding rounds for firms like iCapital Network, which raised substantial amounts in both Series C and venture funding, further demonstrating its commitment to the wealth management space.

7. FJ Labs

• Website: fjlabs.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 169
• LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. With a portfolio of over 1,000 companies, many of which have achieved unicorn status, FJ Labs provides capital and strategic guidance to entrepreneurs across various industries, including e-commerce and logistics. Notably, FJ Labs has made significant investments in the wealth management sector, such as their participation in the Series A funding of Harness Wealth, which raised USD 15 million to develop its wealth management services. Additionally, they were involved in the seed funding of Saks, a Brazilian digital private pension broker, which highlights their engagement in financial services. These transactions illustrate FJ Labs' commitment to supporting innovative companies within the wealth management space, alongside their broader investment strategy.

8. Deep Tech Fund (an Alumni Ventures Fund)

• Website: av.vc
• Type: Venture Capital
• Headquarters: Manchester, New Hampshire, United States (USA)
• Founded year: 2023
• Headcount: 51-200
• Number of deals in 2024: 258
• LinkedIn: deep-tech-fund-av-focused-fund

The Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm founded in 2023, based in Manchester, New Hampshire. It specializes in providing accredited investors and institutions with access to professionally-managed, diversified venture portfolios. With a network of over 10,000 investors, the firm focuses on connecting them with high-quality investment opportunities in the startup ecosystem. Notably, the fund has participated in significant transactions such as Ellevest, a financial company aimed at empowering women in their financial goals, which raised substantial funding in Series A and B rounds. Additionally, the fund invested in Savvy Wealth, which raised $15.5 million in Series A funding in 2024, further emphasizing its commitment to companies that enhance financial management and investment services. These transactions highlight the fund's engagement in the wealth management sector, making it a relevant player in this space.

9. Blackstone

• Website: blackstone.com
• Type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Founded year: 1985
• Headcount: 1001-5000
• Number of deals in 2024: 57
• LinkedIn: blackstonegroup

Blackstone Inc. is a leading investment management firm based in New York, specializing in alternative investments. Founded in 1985, the firm has grown to manage a vast portfolio that includes private equity, real estate, and credit solutions tailored for both institutional and individual investors. Notable transactions that highlight Blackstone's relevance in the wealth management context include the acquisition of Lombard International Assurance, a company that provides wealth management and insurance solutions, and First Eagle Investment Management, which focuses on investment management services. Additionally, their acquisition of La Trobe Financial Services, an Australian mortgage lender managing over AUD 13 billion in investment mandates, further emphasizes their commitment to wealth management. Blackstone's strategy revolves around building strong businesses and delivering lasting value, making it a key player in the wealth management industry.

10. Citi

• Website: citigroup.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 1812
• Headcount: 10001+
• Number of deals in 2024: 107
• LinkedIn: citi

Citigroup Inc. is a financial services company founded in 1812, headquartered in New York, New York. With over 10,000 employees, Citi offers a comprehensive range of banking and investment services to individuals and businesses. The firm operates across various sectors, including commercial banking, investment banking, and notably, wealth management. Citi has made significant acquisitions to bolster its wealth management services, such as the acquisition of Quilter Cheviot in 2006, which expanded its investment management capabilities. In 2000, Citi acquired Geneva Group Inc. for $200 million in stock, allowing it to enhance its service offerings to wealthy clients through its Salomon Smith Barney division. These strategic moves highlight Citi's commitment to providing robust wealth management solutions and integrating specialized firms to better serve its clientele.

11. Kirkland & Ellis

• Website: kirkland.com
• Type: Private Equity
• Headquarters: Chicago, Illinois, United States (USA)
• Founded year: 1909
• Headcount: 5001-10000
• Number of deals in 2024: 49
• LinkedIn: kirkland-%26-ellis-llp

Kirkland & Ellis LLP is a prominent law firm based in Chicago, Illinois, founded in 1909. The firm specializes in a variety of legal services, including intellectual property, litigation, restructuring, and transactional law. They serve a diverse clientele, including Fortune 100 companies and growth-stage businesses, helping them navigate complex legal challenges across various industries. Notably, Kirkland & Ellis has been involved in significant transactions within the wealth management sector, such as advising on the acquisition of Valoria Capital, a leading independent financial advisor with nearly €4 billion under management. Their role in these transactions highlights their influence and expertise in the wealth management industry, despite not being a direct investor in the traditional sense.

12. Goodwater Capital

• Website: goodwatercap.com
• Type: Venture Capital
• Headquarters: Burlingame, California, United States (USA)
• Founded year: 2014
• Headcount: 51-200
• Number of deals in 2024: 41
• LinkedIn: goodwater-capital

Goodwater Capital is a venture capital firm based in Burlingame, California, founded in 2014. The firm specializes in consumer technology and supports seed-stage entrepreneurs by providing investment, resources, and a community to help them grow. Goodwater Capital focuses on various sectors, including healthcare and financial services, aiming to improve access to technology solutions for underserved communities. Notably, they have been involved in several significant transactions in the financial services sector, particularly with Stash, a finance app that has raised substantial funding over the years, including $125 million in Series G funding and $40 million in a convertible note in 2023. Stash has experienced remarkable growth, boasting five million customers and $2.5 billion in AUM, which aligns with Goodwater's investment strategy in wealth management solutions.

Wealth Management Insights: Key Investors in the US

Investor	Headquarter	Size	Founded	Deals 2024
Y Combinator	San Francisco, California, United States (USA)	51-200	2005	802
HUB International	Chicago, Illinois, United States (USA)	10001+	1998	37
AssuredPartners	Orlando, Florida, United States (USA)	10001+	2011	7
Plug and Play Tech Center	Sunnyvale, California, United States (USA)	501-1000	2006	253
IFC - International Finance Corporation	Washington, D.C., District Of Columbia, United States (USA)	1001-5000	1956	107
Goldman Sachs	New York, New York, United States (USA)	10001+	1998	59
FJ Labs	New York, New York, United States (USA)	11-50	2015	169
Deep Tech Fund (an Alumni Ventures Fund)	Manchester, New Hampshire, United States (USA)	51-200	2023	258
Blackstone	New York, New York, United States (USA)	1001-5000	1985	57
Citi	New York, New York, United States (USA)	10001+	1812	107
Kirkland & Ellis	Chicago, Illinois, United States (USA)	5001-10000	1909	49
Goodwater Capital	Burlingame, California, United States (USA)	51-200	2014	41

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