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RIA Intel State Report

Kentucky RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024
Total Firms
90
Total AUM?
$60.7B
Median AUM
$322M
13F Filers
35
AUM Tier Distribution
Under $100M5
$100M–$500M60
$500M–$1B12
$1B–$5B12
$5B+1
State Snapshot
Total Firms90
Total AUM$60.7B
Median AUM$322M
13F Filers35
High Succession Risk13
Elevated Succession Risk7
Succession Risk Breakdown
High
13 firms (15%)
Elevated
7 firms (8%)
Moderate
18 firms (20%)
Lower
50 firms (57%)
Growth Leaders — Wealth Advisory Firms
FirmCityAUM3Y CAGRSuccession
MIDDLEGROUND MANAGEMENT, LPLEXINGTON$4.1B+71.1%Lower
WAYCROSS PARTNERS, LLCLOUISVILLE$866M+65.7%Lower
STRATEGIC WEALTH INVESTMENT GROUP, LLCLOUISVILLE$1.1B+57.4%Lower
BLVD PRIVATE WEALTH, LLCPROSPECT$220M+54.3%Elevated
RPS ADVISORY SOLUTIONS, LLCLOUISVILLE$377M+51.7%Lower
CASTELLAN GROUP, LLCLOUISVILLE$496M+31.0%Lower
ACCREDITED WEALTH MANAGEMENT LLCLOUISVILLE$159M+28.0%Moderate
MERIDIAN WEALTH MANAGEMENT, LLCLEXINGTON$3.9B+27.1%Moderate
M&A Opportunity Signals
🎯
20Acquisition candidates
Firms with elevated/high succession risk and AUM $100M–$5B
📈
9Growing 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
RankFirmAUMScore
1BLVD PRIVATE WEALTH, LLC$220M56.7
2THE WEALTH ADVISORY TEAM, LLC$147M44.6
3PILLAR FINANCIAL ADVISORS, LLC$314M40.4
4CULLINAN ASSOCIATES, INC.$1.6B39.6
5MAI, INC.$291M38.5
6SPECTRUM FINANCIAL ALLIANCE, LTD., L.L.C.$517M38.4
🔒

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 Kentucky. 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.