No commissions, no ads, no advice. This Wealthspire Advisors profile draws only on public records, each linked so you can confirm it yourself.
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Check the SEC adviser record. Open the SEC's IAPD record for Wealthspire Advisors (CRD #106181) and confirm its registration.
Read the filings. Review the Form ADV / Form CRS and any disclosure section linked from the IAPD page.
Confirm the entity. Match CRD #106181 / Wealthspire Advisors so you're reading the right firm.
The short answer: is Wealthspire Advisors a fiduciary?
Yes. Wealthspire Advisors is a fiduciary when it advises you. It's a registered investment adviser, and its Form ADV doesn't report a broker-dealer registration. Wealthspire Advisors is an SEC-registered investment adviser (CRD #106181) and reported $34.3 billion in regulatory assets under management as of its latest Form ADV (filed April 30, 2026). According to Item 5.D, it serves 9,973 clients. Item 5.F reports the same number, 9,973, as its count of client accounts; the two figures happen to match in this filing, though the form measures them separately. Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management, fixed fees, and other, with no commissions reported for advisory services (the fees section below covers one caveat). You don't have to take this on trust. The filings are public, and checking them is quick.
Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer, so the adviser's fiduciary standard is the one that applies to its advice.
What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)
Wealthspire Advisors at a glance
✅ Verified from public filings, last checked October 5, 2026. Wealthspire Advisors (SEC CRD #106181) is a fiduciary for the whole advisory relationship, on an advisory-fee basis, with $34.3 billion in regulatory assets under management. Every figure below links to its primary source.
What | Wealthspire Advisors | Source |
|---|---|---|
SEC CRD | #106181 | |
Registration | Registered investment adviser (RIA), not a broker-dealer | |
Registered since | June 16, 1995 (SEC) | |
Fiduciary? | Yes, as its adviser | |
Fee model | Advisory fees (no commissions reported in Item 5.E) | Form ADV Item 5.E |
How it's paid | A percentage of assets under management, fixed fees, and other | Form ADV Item 5.E |
Regulatory Assets Under Management | $34.3 billion (Form ADV filed April 30, 2026) | |
Client accounts | 9,973 (9,265 discretionary) | |
Employees | 397 (220 in advisory roles) | |
Ownership | Parent-owned | |
Disclosures | Form ADV answers No to firm-level disciplinary questions | |
HQ | New York, NY |
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Wealthspire Advisors fees: what you'll pay
The firm charges advisory fees. According to its Form ADV (2026), Item 5.E reports no commissions for its advisory services and lists three pay types: a percentage of assets under management, fixed fees, and other. Its filing also reports broker-dealer, insurance or other sales activity by the firm or a related company, business that can be paid by commissions. Ask how each part of the relationship is paid. The details are in its Form ADV Part 2A.
Advisory fees are what clients pay the adviser directly. Commissions earned through a related broker-dealer or insurance business are a separate source of pay. (Fee-only financial advisor: costs and how to find one)
The client mix says something the fee line doesn't. By our arithmetic on Item 5.D, high-net-worth clients are about 56% of the firm's clients but hold about 92% of its $34.3 billion, roughly $5.7 million each on average. Its 4,183 other individual clients average roughly $390,000 and hold under 5% of assets. Clients with smaller balances can ask how the fee schedule and account minimums apply to them. (Are you paying too much? Why that might be the wrong question)
Who owns Wealthspire Advisors, and what conflicts does it disclose?
Wealthspire Advisors' ownership is spelled out in the public record. Wealthspire Advisors is owned by Wealthspire Holdings, LLC, as listed in Schedule A of its Form ADV. (Form ADV Schedule A)
Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.
Wealthspire Advisors SEC record: disclosures
To check Wealthspire Advisors' regulatory record, start with the firm's own filings. On its Form ADV, Wealthspire Advisors answers No to the firm-level disciplinary-history questions. You can confirm that on the public record. Individual advisers can have their own records, so look them up on IAPD and BrokerCheck too. If there are Wealthspire Advisors disclosures to read, the public record is where they are, and where they should be read.
On the record, it has been registered with the SEC since June 16, 1995, makes notice filings in 51 jurisdictions, and reports 397 employees, 220 of them (about 55%) in investment advisory roles. "Is Wealthspire Advisors legit?" comes up a lot. Its registration, CRD and filings are public and verifiable, which confirms it's a real, regulated adviser. Registration doesn't tell you whether it's a good fit for you. For that, set the fee schedule in Part 2A against your own balance and the service you expect. To compare it with other firms, browse the Truthifi /advisors hub.
Reading Wealthspire Advisors reviews against the public record
Star ratings describe how working with a firm felt. They rarely show what Wealthspire Advisors reports to regulators. Three filing details are worth having in hand before you read reviews. First, pay: advisory fees with no commissions reported, alongside the related sales activity noted in the fees section. Second, ownership: Wealthspire Holdings, LLC, and the conflicts Part 2A discloses. Third, discretion: according to Item 5.F, about 93% of its client accounts (9,265 of 9,973) let the firm trade without seeking your approval first. A review praising hands-off service may simply be describing that arrangement. Read reviews alongside the record, not instead of it.
How to verify Wealthspire Advisors yourself
Verifying this directly takes three steps:
SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/106181.
Form ADV / CRS: linked from the IAPD page.
Confirm the entity: match Wealthspire Advisors (CRD #106181) so you're reading the right firm.
What Wealthspire Advisors does and who it serves
On its Form ADV, Wealthspire Advisors reports providing financial planning, portfolio management for individuals and small businesses, pension consulting, and selection of other advisers.
It reports providing financial planning to about 3,000 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.
Its Form ADV (Item 5.D) breaks its clients down by type, 9,973 in all:
Client type | Clients | Assets managed |
|---|---|---|
Individuals | 4,183 | $1.63 billion |
High-net-worth individuals | 5,553 | $31.57 billion |
Pension and profit-sharing plans | 69 | $174.6 million |
Charities | 94 | $619.1 million |
State or municipal government entities | 1 | $36.6 million |
Corporations or other businesses | 73 | $290.4 million |
It reports 9,973 client accounts, 9,265 discretionary (the firm can trade without seeking your approval first) and 708 non-discretionary (Item 5.F). That account count equals the Item 5.D client total above, though the form tracks accounts and clients as separate measures. Its main office is in New York, NY.
It reports that it or a related person has custody of certain client assets, which brings extra safeguards such as surprise examinations. The specifics are in its Form ADV.
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The firm checks out in minutes. The real work is seeing everything you hold, together.
Confirming Wealthspire Advisors is registered takes a few minutes. The filings describe the firm, not your household. A client with several million dollars at a firm like this may also hold money it doesn't manage: an old 401(k) at a former employer, a spouse's holdings, fees folded into a fund. This is where Truthifi comes in.
How Truthifi can help
Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. You can share the accounts you choose with your advisor at Wealthspire Advisors.
Prefer your own AI? Truthifi's consumer plans are designed to let you connect an AI assistant that supports MCP sign-in, such as Claude; the pricing page lists what each plan includes. Truthifi Connect is the lighter membership for people who only want to use their own assistant. To ask that assistant about your fees, you'll need a plan that includes fee analysis: Monitoring or Monitoring Plus+. Compare them side by side on the pricing page before you pick. (How to ask AI about your real investment accounts)
Ask AI about your Wealthspire Advisors accounts
Once your accounts are connected read-only, you can ask in plain English:
"What do I own across my Wealthspire Advisors accounts and everything else, and how is it allocated?"
"What am I paying in fees across all of these accounts?"
Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).
No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free and, per Truthifi platform data, links up to 10 connections. Plans and limits are on the pricing page → truthifi.com.
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FAQ
Is Wealthspire Advisors a fiduciary? Yes. It's a registered investment adviser (CRD #106181), so it owes a fiduciary duty when it advises you. Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer.
Is Wealthspire Advisors fee-only? Not necessarily. Its Form ADV (Item 5.E) reports no commissions for advisory services, but the filing also reports broker-dealer, insurance or other sales activity by the firm or a related company, which can be paid differently. Ask how everyone you deal with is paid. The details are in its Form ADV Part 2A.
Who owns Wealthspire Advisors? Wealthspire Advisors is owned by Wealthspire Holdings, LLC, as listed in Schedule A of its Form ADV.
Does Wealthspire Advisors have complaints or disclosures? Its Form ADV answers No to the firm-level disciplinary-history questions. Individual advisers can have their own records on IAPD and BrokerCheck.
Is Wealthspire Advisors legit? Wealthspire Advisors is registered with the SEC (CRD #106181) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.
Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.
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About this profile
Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.
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A note on sources. The facts on this page come from publicly available documents, Wealthspire Advisors' SEC filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Wealthspire Advisors. Regulatory records change, so always confirm against the official sources linked above. The filings stop at the firm's door: how your Wealthspire accounts sit next to everything else you own is a record only you can put together. Spot something that should be corrected? Email us at support@truthifi.com.
Disclaimer: This article is for educational purposes only and does not constitute financial, tax, or legal advice. It should not be construed as a personalized recommendation regarding any investment, financial advisor, or financial product. All calculations use hypothetical scenarios and historical return assumptions; actual results will vary. Past performance does not guarantee future results. Consult a qualified financial professional for guidance specific to your situation. Truthifi is an investment monitoring platform — not a financial advisor, broker-dealer, or tax professional. Truthifi does not manage assets, recommend investments, sell financial products, or provide personalized financial advice. Truthifi earns no revenue from advisor referrals, product commissions, or AUM fees. Statistics and data cited reflect publicly available sources current as of the article’s publication date. Sources are linked throughout.