This RIA in North Carolina provides comprehensive wealth planning to their 245 client households that are primarily located throughout the southeastern United States. This practice also offers its clients in-house tax planning and preparation services. They generated $1,371,692 in trailing 12-month gross revenue, 96% of which is recurring from managing assets and financial planning, and the remainder of the revenue from à la carte financial plans, accounting, and fixed annuity commissions. This practice has found success with its robust marketing efforts that brought in over $35 million in new assets in 2021.
This is a Sell and Stay® opportunity as the practice’s principal is looking for a meaningful relationship with the acquiring firm. The seller is looking to take chips off the table and continue to grow and develop the business with the assistance of back-office support. Much of the existing staff is looking to stay post-sale as well. The staff to be retained are at different stages in their careers and are comprised of administrative and operational support personnel, financial planners, and a CPA.
This is an ideal acquisition opportunity for a well-established firm looking to set up a turn-key branch office in North Carolina. The seller would be most interested in speaking with potential acquisition partners that have a tax department and offer an expanded suite of services (e.g., estate planning and family office services).
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