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RIA Intel State Report

New Mexico RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024
Total Firms
36
Total AUM?
$13.8B
Median AUM
$191M
13F Filers
3
AUM Tier Distribution
Under $100M1
$100M–$500M29
$500M–$1B5
$1B–$5B1
$5B+0
State Snapshot
Total Firms36
Total AUM$13.8B
Median AUM$191M
13F Filers3
High Succession Risk7
Elevated Succession Risk2
Succession Risk Breakdown
High
7 firms (19%)
Elevated
2 firms (6%)
Moderate
7 firms (19%)
Lower
20 firms (56%)
Growth Leaders — Wealth Advisory Firms
FirmCityAUM3Y CAGRSuccession
SANTA FE PARTNERS LLCSANTA FE$849M+66.8%Elevated
BETTER MONEY DECISIONS, LLCSANTA FE$327M+27.8%Lower
WOLF ASSET MANAGEMENT INTERNATIONAL LLCSANTA FE$467M+26.3%Moderate
TITAN FUND MANAGEMENT, LLCALBUQUERQUE$229M+25.5%Lower
ULRICH CONSULTING AND INVESTMENT GROUP, LLCALBUQUERQUE$3.6B+24.7%High
TMFS-ALBUQUERQUE, LLCALBUQUERQUE$171M+20.2%Moderate
CROSS STATE FINANCIAL GROUP LLCALBUQUERQUE$145M+16.1%Lower
LONGVIEW ASSET MANAGEMENT, LLCSANTA FE$339M+14.6%Elevated
M&A Opportunity Signals
🎯
9Acquisition candidates
Firms with elevated/high succession risk and AUM $100M–$5B
📈
6Growing but vulnerable
Positive 3Y CAGR with high succession risk — attractive for acquirers
📉
1Mid-market shrinking
AUM $100M–$1B with negative 3Y CAGR and elevated+ succession risk
🔒 Top 25 Acquisition Targets — Ranked by Composite Score
RankFirmAUMScore
1SANTA FE PARTNERS LLC$849M57.8
2ULRICH CONSULTING AND INVESTMENT GROUP, LLC$3.6B51.4
3PORTFOLIO, LLC$395M45.3
4CROW FINANCIAL ADVISORS LTD. CO$144M38.8
5JOHN MOORE & ASSOCIATES INC$970M37.3
6WESTWIND CAPITAL$796M32.8
🔒

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 New Mexico. 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.