Benchmarks · Montana · $1B–$5B AUM
What is a $1–5B RIA worth in Montana?
4 RIAs serving individuals in Montana have $1B–$5B of AUM on file.
At the largest size the Sica Fletcher SCF Index publishes (about $5B of AUM, $50M of revenue or $25M of EBITDA), practices have traded at 1.9–2.3% of AUM, 3.2–4.0× revenue and 7.0–8.1× EBITDA.
Too few firms for percentiles. See all $1B–$5B firms.
Retirement plans in Montana
For advisors who serve plans.
Defined-contribution plans' Form 5500 filings, filing year 2024. A percentile is a position in this group of plans, never a judgement on any one plan's fees.
Plan filings
305
Nationally 93,209
Median participants
112
Nationally 121
Median service-provider pay
$56K
Schedule C, 141 plans reported it
Nationally $57K
Form 5500 via 5500mcp.ai · refreshed 3 Sep 2026
Montana at other sizes
- Under $100M in Montana1 firms
- $100M–$250M in Montana5 firms
- $250M–$500M in Montana6 firms
- $500M–$1B in Montana1 firms
- $5B and up in Montana3 firms
$1B–$5B next door
- $1B–$5B in Idaho8 firms
- $1B–$5B in South Dakota2 firms
- $1B–$5B in Wyoming1 firms
- $1B–$5B in North Dakota0 firms
Get your firm's number in Claude.
Seven methods on your own figures, with the range and the source of every input.
Sources: U.S. SEC Form ADV, via advmcp.ai, as of 3 Nov 2026 · U.S. Department of Labor Form 5500, via 5500mcp.ai, refreshed 3 Sep 2026 · Sica Fletcher, RIA Valuation Multiples (SCF Index), 2024 edition · CT Acquisitions — RIA and Wealth Management M&A Multiples 2026, Jul 2026