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RIA Intel State Report

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
670
Total AUM?
$949.0B
Median AUM
$355M
13F Filers
100
AUM Tier Distribution
Under $100M111
$100M–$500M282
$500M–$1B119
$1B–$5B122
$5B+36
State Snapshot
Total Firms670
Total AUM$949.0B
Median AUM$355M
13F Filers100
High Succession Risk46
Elevated Succession Risk58
Succession Risk Breakdown
High
46 firms (7%)
Elevated
58 firms (9%)
Moderate
146 firms (22%)
Lower
419 firms (63%)
Growth Leaders — Wealth Advisory Firms
FirmCityAUM3Y CAGRSuccession
GREENSLEDGE ASSET MANAGEMENT LLCGLASTONBURY$606M+87.6%Lower
FIDUCIARY INVESTMENT ADVISORS, LLCWINDSOR$5.0B+83.3%Lower
PROCYON ADVISORS, LLCSHELTON$7.8B+83.0%Lower
RISKBRIDGE ADVISORS, LLCNORWALK$834M+72.9%Lower
MOHICAN FINANCIAL MANAGEMENT, LLCWILTON$273M+67.5%Elevated
DEEP BASIN CAPITAL LPSTAMFORD$938M+66.1%Lower
TRUE GREEN CAPITAL MANAGEMENT LLCWESTPORT$705M+62.5%Lower
M28 CAPITAL MANAGEMENT LPSTAMFORD$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
RankFirmAUMScore
1CDM FINANCIAL COUNSELING SERVICES, INC.$315M46.2
2PRIVATE CAPITAL ADVISORS, INC.$1.0B45.4
3CONIFER INVESTMENTS LTD$466M44.1
4MARK SHEPTOFF FINANCIAL PLANNING LLC$428M42.9
5COMPASS WEALTH MANAGEMENT LLC$683M42.8
6TOOMEY INVESTMENT MANAGEMENT, INC$321M42.7
🔒

Acquisition Target Rankings

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

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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.