Kansas RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024

Total Firms

219

Total AUM?

$590.0B

Median AUM

$285M

13F Filers

41

AUM Tier Distribution

Under $100M47

$100M–$500M95

$500M–$1B31

$1B–$5B35

$5B+11

State Snapshot

Total Firms219

Total AUM$590.0B

Median AUM$285M

13F Filers41

High Succession Risk20

Elevated Succession Risk23

Succession Risk Breakdown

High

20 firms (9%)

Elevated

23 firms (11%)

Moderate

59 firms (27%)

Lower

116 firms (53%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
PALMER SQUARE EUROPE CAPITAL MANAGEMENT LLC	MISSION WOODS	$7.8B	+80.0%	Lower
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC	LEAWOOD	$815M	+57.9%	Moderate
PHD CONSULTING LLC	OVERLAND PARK	$456M	+55.8%	Lower
VIAWEALTH, LLC	LEAWOOD	$241M	+54.9%	Lower
CENTRALIS CAPITAL LLC	PRAIRIE VILLAGE	$60M	+54.3%	Lower
FINANCIAL ENGINES ADVISOR CENTER, LLC	OVERLAND PARK	$8.1B	+51.5%	Moderate
CGN ADVISORS, LLC	MANHATTAN	$1.6B	+35.6%	Moderate
THE MUTUAL FUND STORE-NEW YORK, LLC	OVERLAND PARK	$177M	+34.6%	Moderate

M&A Opportunity Signals

🎯

42Acquisition candidates

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

📈

20Growing but vulnerable

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

📉

3Mid-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	CANVAS WEALTH ADVISORS, LLC	$929M	52.2
2	PRISM FINANCIAL GROUP, L.L.C.	$1.7B	50.2
3	LEGACY INVESTMENT PARTNERS, LLC	$403M	48
4	PINION INVESTMENT ADVISORS, LLC	$649M	47.5
5	REINHARDT FINANCIAL SERVICES INC	$359M	46.1
6	BAYSTATE WEALTH MANAGEMENT LLC	$2.4B	46

🔒

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 Kansas. 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.