Top 10 fastest-growing RIAs in Iowa (2026)

Sort by asset growthHow they grew

#	Firm	Assets, end of 2023 → 2025	Growth	Advisory staff	Net advisors, 12 mo	How they grew	Main custodian	Score
1	Integrity Alliance, LLC URBANDALE	$2B → $5.41B	2.71× 2.0× typical	173 → 322	+110	Organic or recruited	–	97.2
2	Friday Financial DUBUQUE	$129.1M → $409.3M	3.17× 2.4× typical	4 → 6	+22	Organic or recruited	Schwab	95.1
3	Ausdal Financial Partners, Inc. DAVENPORT	$1.53B → $3.73B	2.43× 1.8× typical	110 → 168	+5	Organic or recruited	Schwab	95.1
4	Wealthspan Partners, LLC DAVENPORT	$282.5M → $451.1M	1.6× 1.2× typical	4 → 5	+2	Organic	Fidelity	82.5
5	Transamerica Retirement Advisors, LLC CEDAR RAPIDS	$12.68B → $18.83B	1.48× 1.1× typical	126 → 173	+24	Organic or recruited	Pershing	81.7
6	Bfc Planning, Inc. CEDAR RAPIDS	$1.84B → $3.84B	2.09× 1.6× typical	200 → 200	+53	Organic or recruited	–	76.8
7	Independent Wealth Network, Inc. URBANDALE	$358.3M → $518.4M	1.45× 1.1× typical	25 → 30	+2	Organic or recruited	Schwab	74.5
8	Principal Advised Services DES MOINES	$569.5M → $1.42B	2.5× 1.9× typical	58 → 230	-3	Organic or recruited	Apex Clearing	74.1
9	Principal Securities, Inc. DES MOINES	$12.11B → $17.02B	1.41× 1.1× typical	1,349 → 1,464	+18	Organic or recruited	Fidelity	71.1
10	Merkle Retirement Planning GRIMES	$334.8M → $568.8M	1.7× 1.3× typical	5 → 10	-1	Organic	Schwab	68.5

Score: 0 to 100, from each firm's percentile among 5,989 RIAs nationally. See the national top 100 and the tech stacks they run.

How we ranked

Who's in: 5,989 SEC-registered RIAs serving individuals, based in the US, with $100M+ in assets, 25+ individual clients and 2+ advisory staff, that filed their 2026 annual Form ADV. Bank and broker-dealer networks (more advisors moving than advisory staff) are left out.
Asset growth (half the score): regulatory assets at the end of 2025 (2026 annual Form ADV) over the end of 2023 (the firm's last 2024 filing). Firms update this number once a year, in the annual amendment. The typical firm grew 1.34×, which is mostly the market. Growth over 3× counts as 3×, so one big merger can't decide the list (acquisitions aren't reported on Form ADV).
Advisory staff growth (a quarter): employees giving investment advice (Item 5.B(1)), over the same two years.
Net advisors (a quarter): registered advisors who joined the firm in the last 12 months minus those who left, from SEC registration records.
Each is a percentile among the firms that are in, and only firms whose assets grew faster than the typical firm's are listed. Assets include market gains and any acquisitions, so a high rank is a signal to look closer, not proof of organic growth.
How they grew (an estimate): each firm's gain, split four ways. Typical: what the typical firm grew. Acquired: firms most of whose advisors moved to it (half or more, and the old firm stopped filing, or three-quarters or more), at their last reported assets; a buyer that keeps an acquired firm filing on its own isn't seen, so this is a floor. Joined (hatched): advisors who moved in from other firms, at up to their old firm's assets per advisor ($150M at most), since a new hire may bring no clients at all. Organic: the rest, new clients and existing clients' money. “Organic” firms are organic even if every joiner brought a full book.
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The fastest-growing RIAs in Iowa.

How we ranked