Vermont RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024

Total Firms

34

Total AUM?

$19.9B

Median AUM

$283M

13F Filers

7

AUM Tier Distribution

Under $100M3

$100M–$500M19

$500M–$1B6

$1B–$5B6

$5B+0

State Snapshot

Total Firms34

Total AUM$19.9B

Median AUM$283M

13F Filers7

High Succession Risk10

Elevated Succession Risk4

Succession Risk Breakdown

High

10 firms (30%)

Elevated

4 firms (12%)

Moderate

3 firms (9%)

Lower

16 firms (48%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
ADDISON ADVISORS LLC	MIDDLEBURY	$583M	+28.0%	Lower
ONE DAY IN JULY LLC	BURLINGTON	$1.4B	+27.7%	Lower
COPPER LEAF FINANCIAL, LLC	WILLISTON	$220M	+14.0%	Lower
WESTVIEW MANAGEMENT LLC	BURLINGTON	$229M	+11.2%	Lower
BENNINGTON FINANCIAL PLANNING GROUP	BENNINGTON	$224M	+11.0%	Lower
WILLIAMS FINANCIAL, LLC	NORTH BENNINGTON	$191M	+10.3%	Lower
HANSON & DOREMUS INVESTMENT MANAGEMENT	BURLINGTON	$1.1B	+9.9%	Elevated
MAPLE CAPITAL MANAGEMENT, INC.	MONTPELIER	$2.2B	+9.7%	Elevated

M&A Opportunity Signals

🎯

14Acquisition candidates

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

📈

9Growing 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

Rank	Firm	AUM	Score
1	MAPLE CAPITAL MANAGEMENT, INC.	$2.2B	43.2
2	HANSON & DOREMUS INVESTMENT MANAGEMENT	$1.1B	43
3	INTRACK INVESTMENT MANAGEMENT, INC.	$286M	40.3
4	M. KRAUS & COMPANY	$524M	38.6
5	PATHWAY FINANCIAL ADVISORS, LLC	$895M	38.3
6	ELEY FINANCIAL MANAGEMENT, INC.	$369M	38

🔒

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 Vermont. 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.