RIA Intel›State Reports›Alabama
RIA Intel State Report

Alabama RIA Landscape — 2025

A data-driven overview of SEC-registered wealth advisory firms headquartered in Alabama, including growth trends, succession risk analysis, and M&A opportunity signals.

Source: SEC Form ADV · Updated Q4 2024
Total Firms
103
Total AUM?
$115.7B
Median AUM
$329M
13F Filers
21
AUM Tier Distribution
Under $100M17
$100M–$500M51
$500M–$1B17
$1B–$5B12
$5B+6
State Snapshot
Total Firms103
Total AUM$115.7B
Median AUM$329M
13F Filers21
High Succession Risk17
Elevated Succession Risk18
Succession Risk Breakdown
High
17 firms (17%)
Elevated
18 firms (17%)
Moderate
20 firms (19%)
Lower
48 firms (47%)
Growth Leaders — Wealth Advisory Firms
FirmCityAUM3Y CAGRSuccession
ONEASCENT FINANCIAL SERVICES LLCBIRMINGHAM$2.6B+101.9%Moderate
EVERSOURCE WEALTH ADVISORS, LLCBIRMINGHAM$4.0B+55.3%Lower
MCDONALD FINANCIAL SERVICES, LLCMONTGOMERY$580M+41.4%Lower
FORAGER CAPITAL MANAGEMENT, LLCBIRMINGHAM$355M+36.2%Lower
TRUEWEALTH ADVISORS, LLCHOOVER$439M+34.0%Lower
BMSS WESSON WEALTH SOLUTIONS, LLCBIRMINGHAM$577M+33.6%Lower
RFG ADVISORY, LLCVESTAVIA HILLS$6.1B+29.9%High
NAVIGATE 401K, LLCBIRMINGHAM$259M+29.1%Lower
M&A Opportunity Signals
🎯
31Acquisition candidates
Firms with elevated/high succession risk and AUM $100M–$5B
📈
17Growing but vulnerable
Positive 3Y CAGR with high succession risk — attractive for acquirers
📉
1Mid-market shrinking
AUM $100M–$1B with negative 3Y CAGR and elevated+ succession risk
🔒 Top 25 Acquisition Targets — Ranked by Composite Score
RankFirmAUMScore
1BROOKLINE INVESTMENTS, INC.$403M52.9
2BONAVENTURE CAPITAL, LLC$438M44.6
3LEAVELL INVESTMENT MANAGEMENT, INC.$3.0B43.8
4THE WELCH GROUP, LLC$3.7B43.4
5ANDERSON GROWTH PARTNERS, LLC$919M43.1
6HAYEK KALLEN INVESTMENT MANAGEMENT L.L.C.$399M42.6
🔒

Acquisition Target Rankings

Full ranked list of 25 acquisition targets with composite scores based on succession risk, growth trajectory, and peer benchmarking.

Sign up free to unlock
Methodology. This report covers SEC-registered investment advisers classified as wealth advisory firms (filter: is_wealth_advisory = true) headquartered in Alabama. AUM figures are drawn from the most recent Form ADV filing. Succession risk tiers are computed using a proprietary 5-pillar model incorporating founder tenure, ownership concentration, AUM dependency, team depth, and filing recency. Growth CAGR is calculated from the three most recent annual filings where available. Acquisition scores blend succession risk (40%), AUM growth trajectory (35%), and national peer rank (25%). Data sourced from SEC EDGAR. This page is for informational purposes only and does not constitute investment advice.