This Washington D.C. Suburbs based RR/IAR practice is a deep relationship, high touch firm focused on comprehensive financial and life planning for their 362 client households. The practice generated over $1,300,000 in trailing 12-month revenue, 86% of that revenue comes from managing over $103 million in AUM, 12% mostly from mutual funds and variable annuities, 1% from life insurance, and 1% from hourly financial planning.
The ideal acquisition partner for this practice is a firm that leads with financial planning and has a proven track record of providing clients with tailored wealth management solutions. The principal of this practice is looking to help an acquiring firm successfully transition clients over an agreed upon time period before moving into retirement. This practice has three full time employees that would like meaningful employment with the acquiring firm post sale.