FinCEN AML scope: Connecticut’s investment advisers
343 of Connecticut’s SEC-registered investment advisers clear FinCEN’s three-part AML scope test, from the SEC’s own roster dated 2026-11-02. See the exact filter and sources for how that population is defined.
What stands out in Connecticut
Connecticut trails only New York on two measures: 65.9% of its firms advise at least one private fund (the second-highest share of the ten), and 66.2% hold custody of client cash or securities (the second-highest share). Both run well above the national rates of 39.8% and 56.2%. Connecticut's profile reads like a smaller version of New York's, concentrated funds and custody rather than a broad base of retail advisers.
Connecticut’s numbers, in full
- Firms in scope
- 343
- Median staff
- 9
- Fewer than 20 people
- 256 (74.6%)
- 5 people or fewer
- 95 (27.7%)
- Custody of client cash or securities
- 227 (66.2%)
- A related person holds custody
- 201 (58.6%)
- Advise at least one private fund
- 226 (65.9%)
- Median AUM
- $713.4 million
This page is independent research, not legal advice, computed from the SEC’s own public roster of investment advisers. See the method and sources. Verify anything load-bearing against the Federal Register text itself before acting on it. The custody figures above count roster disclosures only. Whether a qualified custodian’s own AML program covers the adviser is a separate question, answered on its own page.