We are pleased to present the Monthly Report of Newly Formed RIAs - May 2025. We are continuously blown away by the large number of newly created RIAs from the SEC report with a total of 220.
As part of our monthly process, our data team reviewed and scrubbed this month’s raw file of 220 new filings, identifying 85 new wealth manager RIAs and 57 new investment firm RIAs. We then researched the appropriate contacts and related information before uploading everything to Dakota Marketplace.
May 2025 marked a sharp uplift in SEC registrations: 85 new RIAs and 57 new investment firms formed, more than doubling April’s combined tally (54 RIAs, 12 investment firms). RIAs grew 57% month-over-month, while investment firms surged 4x, signalling heightened appetite for pooled-capital vehicles.
Scale improved at the top end. Five firms launched with assets above $1 billion in May (up from one in April), nudging large-cap entrants to ~3 % of all new registrants. The remaining 137 entities still fell below the $500 million threshold, so small-cap volume continues to dominate in absolute terms.
Geographically, New York City remained the busiest market, but Dallas displaced Los Angeles as the second-most active metro—highlighting a fresh growth corridor in Texas alongside the enduring strength of the US financial hub.
In this article we’re giving you five that are noteworthy and newly formed RIAs.
To view all newly added wealth management RIAs and key contact information, book a demo of Dakota Marketplace here.
New RIAs from May 2025
Angelo Planning Group, LLC
AUM: $1.50B
Metro Area: Rochester, NY
Angelo Planning Group is an independent RIA based in Rochester, NY, managing $1.5B in assets. The firm provides comprehensive planning services including investment management, retirement and estate planning, tax strategies, insurance, and corporate retirement consulting. Operating under a fiduciary standard, Angelo delivers objective, client-first advice tailored to individual financial goals. In 2025, the firm aligned with Commonwealth Financial Network to enhance its technology, compliance, and platform capabilities.
Sands Capital Horizons, LLC
AUM: $428.00M
Metro Area: Washington, DC
Sands Capital Horizons is an Arlington-based RIA managing $428M in assets, serving senior partners, family offices, entrepreneurs, and select institutions. As a multi-asset platform within Sands Capital, the firm blends direct investments with allocations to external managers. Its strategies emphasize growth, diversification, and yield, supported by disciplined analysis and long-term planning. Sands Capital Horizons integrates alternatives like private equity and hedge funds into tailored, non-discretionary portfolios built to align with client-specific goals.
55 North Private Wealth, LLC
AUM: $366.78M
Metro Area: Orlando, LF
55 North Private Wealth, LLC is a fee-only RIA based in Winter Park, FL, managing over $366 million in assets. The firm provides personalized investment advisory services to individuals and high-net-worth clients, focusing on long-term planning and conflict-free portfolio management. Using a discretionary model, 55 North builds tailored strategies centered on publicly traded investments including equities, ETFs, mutual funds, and fixed income. Its fiduciary approach emphasizes independence, prudent allocation, and individualized service to deliver customized financial solutions that support each client’s long-term goals.
Polaris Financial Partners, LLC
AUM: $191.50M
Metro Area: Columbus, OH
Polaris Financial Partners is an RIA based in Westerville, OH, managing over $191M in assets. With over 40 years of experience, the firm specializes in financial planning and wealth management for individuals and small business owners. Polaris combines a client-first philosophy with a strong emphasis on financial education, helping clients make informed, empowered decisions. Their planning process focuses on building lasting relationships, aligning financial strategies with life goals, and creating a path toward legacy and long-term security. Polaris’s thoughtful approach reflects a commitment to clarity, continuity, and personalized guidance.
Hackett Financial Group, LLC
AUM: $133.22M
Metro Area: Austin, TX
Hackett Financial Group is a Wimberley-based RIA managing $133M in assets, serving individuals and small businesses across the Austin metro area. Led by Scott G. Hackett, CFP®, the firm delivers fiduciary financial guidance across investment management, retirement, estate planning, tax services, and insurance analysis. Its platform, powered by Charles Schwab, integrates real-time data, personalized portfolios, and interactive tools to support a modern, client-centric approach focused on transparency and long-term planning.
To view all wealth management RIAs in Dakota Marketplace and access key contact information, book a demo here!
