This fee-only RIA in the northern Washington, D.C. area focuses on cost-effective portfolio structuring and a collaborative approach to investment and retirement strategies. The practice currently generates gross revenue of approximately $910,000, 98% of which is recurring revenue from fees on approximately $93 million of assets. The practice currently serves 78 client households with an average tenure of 12 years. The principal of this practice has been providing financial advisory services to clients in the northern Washington, D.C. area and beyond for over 35 years and has well-established referral networks.
The ideal buyer would be a well-established, fee-only RIA on the Schwab platform, with a proven investment management track record and a strong background in tax and estate planning. Buyer must also be conscious of and maintain cost effective investment portfolios and focus on minimizing tax consequences for clients. The buyer should also have at least one staff member with a Certified Financial Planner® designation. A tax professional on staff would be preferred.