| 1 | CONFLUENCE INVESTMENT MANAGEMENT LLC | $280.7M | 2.8M | Added |
| 2 | ENVESTNET ASSET MANAGEMENT INC | $206.7M | 2.1M | Trimmed |
| 3 | CX Institutional | $186.0M | 1.8M | Added |
| 4 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $167.6M | 1.7M | Added |
| 5 | Farther Finance Advisors, LLC | $157.2M | 1.6M | Added |
| 6 | Cambridge Investment Research Advisors, Inc. | $142.8M | 1.4M | Added |
| 7 | AE Wealth Management LLC | $122.1M | 1.2M | Added |
| 8 | Hilton Capital Management, LLC | $115.7M | 1.1M | Trimmed |
| 9 | Kestra Advisory Services, LLC | $101.0M | 1.0M | Added |
| 10 | Selective Wealth Management, Inc. | $96.9M | 963,067 | Added |
| 11 | 3EDGE Asset Management, LP | $94.2M | 935,234 | Trimmed |
| 12 | JNBA Financial Advisors | $93.0M | 924,007 | Added |
| 13 | COMMONWEALTH EQUITY SERVICES, LLC | $80.3M | 797,816 | Added |
| 14 | Mesirow Financial Investment Management, Inc. | $78.4M | 779,029 | Added |
| 15 | PEAVINE CAPITAL, LLC | $77.5M | 770,289 | Trimmed |
| 16 | Decker Retirement Planning Inc. | $76.5M | 759,734 | Added |
| 17 | Sequoia Financial Advisors, LLC | $74.4M | 738,944 | Added |
| 18 | Vigilare Wealth Management | $72.6M | 720,786 | Trimmed |
| 19 | D.A. DAVIDSON & CO. | $71.3M | 708,362 | Trimmed |
| 20 | PSP Research LLC | $70.5M | 700,000 | Hold |
| 21 | Omnia Family Wealth, LLC | $70.1M | 696,066 | Added |
| 22 | RAFFA WEALTH MANAGEMENT, LLC | $69.9M | 694,542 | Added |
| 23 | HUB Investment Partners, LLC | $69.7M | 692,718 | Added |
| 24 | FIDUCIARY FINANCIAL GROUP, LLC | $67.7M | 672,284 | Added |
| 25 | Miracle Mile Advisors, LLC | $61.7M | 613,347 | Added |