Connecticut RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024

Total Firms

673

Total AUM?

$991.1B

Median AUM

$365M

13F Filers

100

AUM Tier Distribution

Under $100M108

$100M–$500M285

$500M–$1B118

$1B–$5B126

$5B+36

State Snapshot

Total Firms673

Total AUM$991.1B

Median AUM$365M

13F Filers100

High Succession Risk46

Elevated Succession Risk58

Succession Risk Breakdown

High

46 firms (7%)

Elevated

58 firms (9%)

Moderate

147 firms (22%)

Lower

421 firms (63%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
GREENSLEDGE ASSET MANAGEMENT LLC	GLASTONBURY	$593M	+87.6%	Lower
FIDUCIARY INVESTMENT ADVISORS, LLC	WINDSOR	$5.0B	+83.3%	Lower
PROCYON ADVISORS, LLC	SHELTON	$7.8B	+83.0%	Lower
RISKBRIDGE ADVISORS, LLC	NORWALK	$834M	+72.9%	Lower
MOHICAN FINANCIAL MANAGEMENT, LLC	WILTON	$273M	+67.5%	Elevated
DEEP BASIN CAPITAL LP	STAMFORD	$938M	+66.1%	Lower
TRUE GREEN CAPITAL MANAGEMENT LLC	WESTPORT	$705M	+62.5%	Lower
M28 CAPITAL MANAGEMENT LP	STAMFORD	$121M	+61.3%	Lower

M&A Opportunity Signals

🎯

98Acquisition candidates

Firms with elevated/high succession risk and AUM $100M–$5B

📈

35Growing but vulnerable

Positive 3Y CAGR with high succession risk — attractive for acquirers

📉

19Mid-market shrinking

AUM $100M–$1B with negative 3Y CAGR and elevated+ succession risk

🔒 Top 25 Acquisition Targets — Ranked by Composite Score

Rank	Firm	AUM	Score
1	FOUNDERS CAPITAL MANAGEMENT, LLC	$920M	47.5
2	CDM FINANCIAL COUNSELING SERVICES, INC.	$315M	47.5
3	HERITAGE CAPITAL, LLC	$129M	46.2
4	TOOMEY INVESTMENT MANAGEMENT, INC	$321M	45.5
5	CASTLEKEEP INVESTMENT ADVISORS LLC	$828M	44.7
6	COMPASS WEALTH MANAGEMENT LLC	$683M	43.8

🔒

Acquisition Target Rankings

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

Methodology. This report covers SEC-registered investment advisers classified as wealth advisory firms (filter: is_wealth_advisory = true) headquartered in Connecticut. 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.