RJ and Makay

The largest, top 50 registered investment advisory (RIA) firms managed $127.2 billion by the end of the second quarter—up 16% from the same period last year.

According to research conducted by RIA Database for InvestmentNews, these top-50 RIAs also doubled the number of accounts to an estimated 3,600 accounts per firm—more than double the number of accounts they managed in the in 2009’s second quarter. Genspring Family Offices LLC topped the list this year, beating out Veritable LP.

Thirty-nine of top-50 RIA firms saw discretionary assets jump 27% from June 30, 2009 to the same time this year. (View the full set of rankings here.) Yet, these same firms only brought on 47 more accounts over the past year—indicating that much of this growth was due to market performance.