This Louisiana-based financial planning and wealth management firm is focused on understanding the individualized financial objectives of each client and developing an appropriate course of action that is designed to achieve positive results while minimizing volatility and risk. In addition to managing money for its end-user clients, this firm also acts as a third-party manager for the clients of other advisors. The firm offers a deep bench of professional expertise to its 400+ client households, who have been with the firm for an average of 20 years. Current annual gross revenue for this firm is $1,685,015, of which approximately 53% is from approximately $141 million in fee assets, 37% from managing assets for other advisors, with the remaining 10% from commission and insurance income.
The ideal buyer would be a larger firm that is client-centric, has a similar investment philosophy, and builds and manages portfolios in-house. The ideal buyer would also be willing to retain six of the firm’s staff members post-sale.