FinCEN AML scope: Ohio’s investment advisers
264 of Ohio’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 Ohio
Ohio has the lowest private-fund exposure of the ten largest states, at 18.6%, less than half the national rate of 39.8%, and the lowest share of firms where a related person holds custody, at 19.3% against a national 34.3%. Of the states on this list, Ohio's in-scope firms look the most like plain retail advisers rather than fund managers.
Ohio’s numbers, in full
- Firms in scope
- 264
- Median staff
- 6
- Fewer than 20 people
- 224 (84.8%)
- 5 people or fewer
- 114 (43.2%)
- Custody of client cash or securities
- 136 (51.5%)
- A related person holds custody
- 51 (19.3%)
- Advise at least one private fund
- 49 (18.6%)
- Median AUM
- $341.3 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.