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RIA Intel State Report

Pennsylvania RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024
Total Firms
740
Total AUM?
$1.18T
Median AUM
$321M
13F Filers
138
AUM Tier Distribution
Under $100M127
$100M–$500M350
$500M–$1B106
$1B–$5B124
$5B+33
State Snapshot
Total Firms740
Total AUM$1.18T
Median AUM$321M
13F Filers138
High Succession Risk79
Elevated Succession Risk81
Succession Risk Breakdown
High
79 firms (11%)
Elevated
81 firms (11%)
Moderate
206 firms (28%)
Lower
371 firms (50%)
Growth Leaders — Wealth Advisory Firms
FirmCityAUM3Y CAGRSuccession
PNC STEEL CITY ADVISORS, LLCPITTSBURGH$1.7B+143.8%Lower
GAINVEST LEGAL CORPORATIONPITTSBURGH$108M+88.3%Lower
WEALTHFD LLCCONSHOHOCKEN$62M+66.9%Lower
FSIC III ADVISOR, LLCPHILADELPHIA$3.8B+56.0%Lower
BRYN MAWR CAPITAL MANAGEMENT, LLCPHILADELPHIA$3.0B+53.6%Lower
MAIN STREET FINANCIAL SOLUTIONS, LLCNEWTOWN$884M+44.1%Lower
ALDEN INVESTMENT ADVISORS, LLCWAYNE$319M+43.9%Lower
ABRDN ETFS ADVISORS LLCPHILADELPHIA$1.0B+43.4%Lower
M&A Opportunity Signals
🎯
147Acquisition candidates
Firms with elevated/high succession risk and AUM $100M–$5B
📈
60Growing but vulnerable
Positive 3Y CAGR with high succession risk — attractive for acquirers
📉
26Mid-market shrinking
AUM $100M–$1B with negative 3Y CAGR and elevated+ succession risk
🔒 Top 25 Acquisition Targets — Ranked by Composite Score
RankFirmAUMScore
1TRAYNOR CAPITAL MANAGEMENT, INC.$1.8B52
2CHAPEL HILL INVESTMENT ANALYSTS INC$381M45.4
3BISHOP & COMPANY INVESTMENT MANAGEMENT, LLC$387M45.4
4MCGOWAN & CO LLP$575M45.2
5PARSONS CAPITAL MANAGEMENT, LLC$804M44.8
6AUFMAN ASSOCIATES INC$863M43.9
🔒

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 Pennsylvania. 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.