This RR/IAR practice, located in Lafayette Parish, Louisiana, is focused on providing clients with customized financial planning and coaching each client on how best to achieve their financial goals. The trailing twelve months revenue for this practice is $666,262, of which $486,484 is from fees on approximately $33 million in assets from 143 households, with the majority of the remaining revenue from mutual funds, annuities, 401 (k) plans, and universal life insurance. This practice has a very loyal client base with an average tenure of 21 years.
The preferred buyer would be a RR/IAR or hybrid RIA with a financial planning focus and a client-first mentality. The seller would prefer a buyer with a local presence who is willing to retain the practice’s associate advisor, who is Series 7 and 66 licensed.