Washington RIA Landscape — 2025

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

Source: SEC Form ADV · Updated Q4 2024

Total Firms

368

Total AUM?

$354.2B

Median AUM

$283M

13F Filers

78

AUM Tier Distribution

Under $100M59

$100M–$500M204

$500M–$1B50

$1B–$5B41

$5B+14

State Snapshot

Total Firms368

Total AUM$354.2B

Median AUM$283M

13F Filers78

High Succession Risk49

Elevated Succession Risk49

Succession Risk Breakdown

High

49 firms (13%)

Elevated

49 firms (13%)

Moderate

92 firms (25%)

Lower

176 firms (48%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
ADVISOR SHARE WEALTH MANAGEMENT, LLC	VANCOUVER	$185M	+63.2%	Lower
TRIAD INVESTMENT MANAGMENT, LLC	ISSAQUAH	$701M	+62.2%	Lower
BRIDGE33 INVESTMENT MANAGEMENT LLC	SEATTLE	$970M	+52.6%	Lower
FORTIS CAPITAL MANAGEMENT LLC	BELLEVUE	$776M	+41.3%	Lower
THE MUTUAL FUND STORE-SEATTLE, LLC	FEDERAL WAY	$103M	+39.5%	Moderate
RAINIER FINANCIAL GROUP	SEATTLE	$382M	+39.4%	Lower
BENSLER, LLC	BELLEVUE	$1.6B	+36.7%	Lower
ELEVAR EQUITY MANAGEMENT LTD.	SEATTLE	$855M	+36.2%	Lower

M&A Opportunity Signals

🎯

93Acquisition candidates

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

📈

39Growing but vulnerable

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

📉

17Mid-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	R.L. EVANS CO. INC.	$545M	49.3
2	OPTIMIST RETIREMENT GROUP, LLC	$243M	48
3	ELITE WEALTH MANAGEMENT, INC.	$996M	46.1
4	BRISTLECONE ADVISORS LLC	$2.1B	42.8
5	MOSER WEALTH ADVISORS, LLC	$279M	41.6
6	OLYMPIC WEALTH MANAGEMENT LLC	$209M	41

🔒

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 Washington. 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.