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RIA Intel State Report

Michigan RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024
Total Firms
370
Total AUM?
$265.2B
Median AUM
$292M
13F Filers
86
AUM Tier Distribution
Under $100M51
$100M–$500M198
$500M–$1B65
$1B–$5B50
$5B+6
State Snapshot
Total Firms370
Total AUM$265.2B
Median AUM$292M
13F Filers86
High Succession Risk59
Elevated Succession Risk45
Succession Risk Breakdown
High
59 firms (16%)
Elevated
45 firms (12%)
Moderate
84 firms (23%)
Lower
178 firms (49%)
Growth Leaders — Wealth Advisory Firms
FirmCityAUM3Y CAGRSuccession
ASSET ALLOCATION STRATEGIES, LLCFARMINGTON$767M+53.0%Moderate
ACTION POINT FINANCIAL PLANNING, LLCGRAND RAPIDS$1.2B+51.9%Lower
LIFEWORKS ADVISORS, LLCGRAND RAPIDS$742M+51.1%Moderate
ROCKBRIDGE GROWTH EQUITY MANAGEMENT, L.P.DETROIT$1.7B+41.7%Lower
STRATEGIES WEALTH ADVISORS, LLCGRAND RAPIDS$2.4B+39.1%Lower
HERON BAY CAPITAL MANAGEMENT, LLCBLOOMFIELD HILLS$644M+35.9%Moderate
SECURE ASSET MANAGEMENT, L.L.C.TROY$890M+33.6%Lower
SCHECHTER PRIVATE CAPITAL, LLCBIRMINGHAM$304M+33.5%Lower
M&A Opportunity Signals
🎯
102Acquisition candidates
Firms with elevated/high succession risk and AUM $100M–$5B
📈
46Growing but vulnerable
Positive 3Y CAGR with high succession risk — attractive for acquirers
📉
16Mid-market shrinking
AUM $100M–$1B with negative 3Y CAGR and elevated+ succession risk
🔒 Top 25 Acquisition Targets — Ranked by Composite Score
RankFirmAUMScore
1DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL, INC.$2.2B46.8
2DIVERSIFIED PORTFOLIOS INC$1.7B45.8
3CAHILL WEALTH MANAGEMENT, LLC$442M43.9
4DILLON & ASSOCIATES INC$853M41.9
5STRAIGHTLINE GROUP, LLC$1.1B41.9
6FISHMAN JAY A LTD$1.1B41.3
🔒

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 Michigan. 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.