Idaho RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024

Total Firms

65

Total AUM?

$37.7B

Median AUM

$291M

13F Filers

16

AUM Tier Distribution

Under $100M7

$100M–$500M37

$500M–$1B12

$1B–$5B8

$5B+1

State Snapshot

Total Firms65

Total AUM$37.7B

Median AUM$291M

13F Filers16

High Succession Risk7

Elevated Succession Risk5

Succession Risk Breakdown

High

7 firms (11%)

Elevated

5 firms (8%)

Moderate

13 firms (20%)

Lower

40 firms (62%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
CAPROCK MANAGEMENT, LLC	BOISE	$244M	+43.5%	Lower
INSPIRE ADVISORS, LLC	MERIDIAN	$1.0B	+40.6%	Moderate
LEGACY WEALTH MANAGEMENT, LLC	BOISE	$477M	+31.6%	Lower
CONTINUUM ADVISORY, LLC	EAGLE	$1.4B	+30.9%	Lower
DOCEO WEALTH, LLC	MERIDIAN	$243M	+25.6%	Lower
THE HELMSTAR GROUP, LLC	BOISE	$587M	+21.2%	Lower
AMERICAN CAPITAL ADVISORY, LLC	KETCHUM	$255M	+19.7%	Lower
TELEO CAPITAL MANAGEMENT LLC	BOISE	$680M	+19.7%	Lower

M&A Opportunity Signals

🎯

10Acquisition candidates

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

📈

7Growing but vulnerable

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

📉

0Mid-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	BERKELEY, INC	$574M	44.3
2	PERSPECTIVE WEALTH PARTNERS, LLC	$844M	44.2
3	HAWKE FINANCIAL GROUP, LLC	$254M	43.2
4	ARCADIA INVESTMENT ADVISORS, LLC	$346M	41.9
5	TBFM LLP	$1.1B	41.5
6	ASPEN CAPITAL MANAGEMENT	$1.3B	36.7

🔒

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 Idaho. 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.