This RR/IAR located approximately 50 miles to the west of New York City services 130 client households using a conservative growth model made up mainly of American Funds. The practice’s principal places a strong focus on cultivating and maintaining strong personal client relationships. In 2021, this practice generated $1.2 million in gross revenue, approximately 81% of which was from mutual fund and annuity trails and commissions; 14% from managing $31.5 million in assets, 4% from insurance, and 1% from financial planning fees. 

The ideal acquisition partner for this firm would retain the two employees post-sale. Both assistants co-operate in strong client-facing administrative support roles. One of them is also Series 6 and NJ Life Insurance licensed. Utilizing the firm’s existing office space or a nearby location is desirable.