Delaware RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024

Total Firms

63

Total AUM?

$50.7B

Median AUM

$205M

13F Filers

11

AUM Tier Distribution

Under $100M12

$100M–$500M35

$500M–$1B9

$1B–$5B5

$5B+2

State Snapshot

Total Firms63

Total AUM$50.7B

Median AUM$205M

13F Filers11

High Succession Risk7

Elevated Succession Risk7

Succession Risk Breakdown

High

7 firms (11%)

Elevated

7 firms (11%)

Moderate

15 firms (24%)

Lower

34 firms (54%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
GREY FOX WEALTH ADVISORS, LLC	ROCKLAND	$544M	+50.6%	Lower
BDFS CAPITAL LLC	REHOBOTH BEACH	$411M	+35.5%	Lower
RIVERSEDGE ADVISORS, LLC	WILMINGTON	$928M	+27.9%	Lower
LOVETT FINANCIAL ADVISORS LLC	WILMINGTON	$100M	+22.5%	Moderate
DRAVO BAY LLC	REHOBOTH BEACH	$335M	+19.1%	Lower
DIVERSIFIED, LLC	WILMINGTON	$1.6B	+18.4%	Lower
MALLARD ADVISORS, LLC	NEWARK	$182M	+17.9%	Moderate
GREAT VALLEY ADVISOR GROUP, LLC	WILMINGTON	$9.7B	+17.8%	Moderate

M&A Opportunity Signals

🎯

12Acquisition candidates

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

📈

3Growing but vulnerable

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

📉

4Mid-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	CROWLEY WEALTH MANAGEMENT, INC.	$383M	43.9
2	CYPRESS CAPITAL MANAGEMENT, LLC	$1.3B	38
3	LONGVIEW CAPITAL MANAGEMENT LLC	$265M	37.7
4	WESTOVER CAPITAL ADVISORS, LLC	$569M	36.2
5	MCDERMOTT ADVISORY GROUP, LLC	$148M	30.8
6	SCHIAVI & COMPANY LLC	$622M	27.6

🔒

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 Delaware. 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.