This fee-only RIA practice provides high net worth clients, primarily located in the Pacific Northwest, with custom portfolio management as well as income tax planning and preparation. The practice generates approximately $322,000 in recurring revenue on $75 million in managed assets, with an additional $46,000 generated from tax preparation fees and $7,000 from financial planning fees. The principal, with 40 years of experience in the industry, seeks a Sell and Stay® opportunity, remaining active in an advisory role with current clients and cultivating new business post-sale.
The buyer must be a fee-only RIA firm with a strong focus on financial planning and wealth management. The ideal buyer would have at least one Certified Financial Planner® and a CPA on staff.