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RIA Intel State Report

Rhode Island RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024
Total Firms
58
Total AUM?
$65.3B
Median AUM
$343M
13F Filers
20
AUM Tier Distribution
Under $100M4
$100M–$500M33
$500M–$1B10
$1B–$5B9
$5B+2
State Snapshot
Total Firms58
Total AUM$65.3B
Median AUM$343M
13F Filers20
High Succession Risk18
Elevated Succession Risk7
Succession Risk Breakdown
High
18 firms (33%)
Elevated
7 firms (13%)
Moderate
8 firms (15%)
Lower
21 firms (39%)
Growth Leaders — Wealth Advisory Firms
FirmCityAUM3Y CAGRSuccession
BROWN, LISLE/CUMMINGS, INC.PROVIDENCE$487M+25.2%Lower
UPPER90 CAPITAL MANAGEMENT, LPPROVIDENCE$920M+22.1%Lower
AXIS WEALTH PARTNERS, LLCEAST PROVIDENCE$290M+17.3%Lower
WEALTH MANAGEMENT RESOURCES, INC.SMITHFIELD$385M+17.0%Moderate
REX CAPITAL ADVISORS, LLCPROVIDENCE$1.3B+15.6%Elevated
NAPATREE CAPITAL LLCWESTERLY$260M+13.1%Lower
BLUE FIN CAPITAL, INC.WARREN$651M+13.0%High
GEA SPHERE, LLCCRANSTON$131M+12.1%High
M&A Opportunity Signals
🎯
25Acquisition candidates
Firms with elevated/high succession risk and AUM $100M–$5B
📈
15Growing 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
1BLUE FIN CAPITAL, INC.$651M47.4
2WEYBOSSET RESEARCH & MANAGEMENT, LLC$341M43.2
3THE RETIREMENT PLANNING COMPANY OF NEW ENGLAND, INC.$336M42.1
4REX CAPITAL ADVISORS, LLC$1.3B41.1
5YOUNG RICHARD C & CO LTD$1.6B36.9
6MYSTIC ASSET MANAGEMENT, INC.$529M35.4
🔒

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 Rhode Island. 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.