Oregon RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024

Total Firms

212

Total AUM?

$136.9B

Median AUM

$272M

13F Filers

44

AUM Tier Distribution

Under $100M21

$100M–$500M128

$500M–$1B33

$1B–$5B25

$5B+5

State Snapshot

Total Firms212

Total AUM$136.9B

Median AUM$272M

13F Filers44

High Succession Risk22

Elevated Succession Risk22

Succession Risk Breakdown

High

22 firms (10%)

Elevated

22 firms (10%)

Moderate

52 firms (25%)

Lower

116 firms (55%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
PHILLIPS AND COMPANY ADVISORS, LLC	PORTLAND	$754M	+141.2%	Lower
CASCADIA ADVISORY SERVICES, LLC	PORTLAND	$689M	+78.1%	Lower
MONTIBUS CAPITAL MANAGEMENT LLC.	PORTLAND	$1.0B	+73.2%	Moderate
DELAP WEALTH ADVISORY, LLC	LAKE OSWEGO	$1.5B	+57.6%	Lower
CAPSTONE WEALTH ADVISORS, LLC	SALEM	$230M	+54.6%	Lower
MAZAMA CAPITAL MANAGEMENT INC	PORTLAND	$550M	+47.7%	Moderate
CS PLANNING CORP	PORTLAND	$1.3B	+41.6%	Moderate
PINNACLE WEALTH ADVISORS, LLC	CLACKAMAS	$461M	+36.0%	Moderate

M&A Opportunity Signals

🎯

39Acquisition candidates

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

📈

19Growing but vulnerable

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

📉

4Mid-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	MENGIS CAPITAL MANAGEMENT, INC.	$903M	48.6
2	HUMAN INVESTING, LLC	$1.9B	44.6
3	CASCADE INVESTMENT ADVISORS, INC.	$360M	44.2
4	AUXIER ASSET MANAGEMENT LLC	$855M	43.9
5	MULTNOMAH GROUP, INC.	$2.2B	42.9
6	BECKER CAPITAL MANAGEMENT INC	$5.0B	41.7

🔒

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 Oregon. 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.