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

686

Total AUM?

$972.3B

Median AUM

$350M

13F Filers

98

AUM Tier Distribution

Under $100M110

$100M–$500M300

$500M–$1B117

$1B–$5B123

$5B+36

State Snapshot

Total Firms686

Total AUM$972.3B

Median AUM$350M

13F Filers98

High Succession Risk46

Elevated Succession Risk58

Succession Risk Breakdown

High

46 firms (7%)

Elevated

58 firms (9%)

Moderate

143 firms (21%)

Lower

422 firms (63%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
NASSAU PRIVATE CREDIT LLC	DARIEN	$1.0B	+104.2%	Lower
GREENSLEDGE ASSET MANAGEMENT LLC	GLASTONBURY	$593M	+87.6%	Lower
FIDUCIARY INVESTMENT ADVISORS, LLC	WINDSOR	$5.0B	+83.3%	Lower
PROCYON ADVISORS, LLC	SHELTON	$9.2B	+83.0%	Lower
RISKBRIDGE ADVISORS, LLC	NORWALK	$898M	+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

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	CDM FINANCIAL COUNSELING SERVICES, INC.	$315M	47.7
2	FOUNDERS CAPITAL MANAGEMENT, LLC	$920M	47.5
3	HERITAGE CAPITAL, LLC	$129M	45.4
4	TOOMEY INVESTMENT MANAGEMENT, INC	$321M	45.2
5	CASTLEKEEP INVESTMENT ADVISORS LLC	$828M	44.7
6	COMPASS WEALTH MANAGEMENT LLC	$683M	44

🔒

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.