[OC] 677 RIA firms manage over $200M with just 1-2 employees

I pulled SEC Form ADV bulk filings for every active US investment advisory firm (RIA) and tallied how many of the 1-2 employee firms exist at each AUM tier. The chart shows the count of firms with just 1-2 staff, broken out by AUM band. The story is the top three bars. 677 RIA firms [...]