FinCEN AML scope: Florida’s investment advisers
724 of Florida’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 Florida
46.1% of Florida's firms have 5 people or fewer, the highest concentration of small firms among the ten largest states, well above the national 41.4%. Florida's median AUM of $345.9 million sits below the national median of $429.6 million, and 84.7% of its firms have fewer than 20 people. This is a state of lean shops, not large ones, and every one of them still owes the same program as a 200-person firm.
Florida’s numbers, in full
- Firms in scope
- 724
- Median staff
- 6
- Fewer than 20 people
- 613 (84.7%)
- 5 people or fewer
- 334 (46.1%)
- Custody of client cash or securities
- 395 (54.6%)
- A related person holds custody
- 257 (35.5%)
- Advise at least one private fund
- 288 (39.8%)
- Median AUM
- $345.9 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.