Registered investment advisors in the U.S. have enough competition as it is at the local level, with more than 15,000 firms. But domestic businesses also have competition from overseas, according to a new study by SmartAsset, a service for connecting consumers with financial advisors.

SmartAsset found that while 381 U.S.-based RIAs are registered with foreign regulatory authorities to provide investment or advisory services, another 797 RIAs outside of the U.S. are registered with the Securities and Exchange Commission to conduct wealth management business here.

SmartAsset ranked foreign countries by the number of firms registered to provide investment or advisory services in the United States. The list is quite top-heavy, with the top two countries having significant market share. It trails off towards the end, with a three-way tie for the number of firms registered with the SEC.

The world markets are becoming increasingly connected, due to technological advancements, reduced trade barriers and the proliferation of multinational corporations. This list is another example.