Continuity Partner Matching
Accepting Inquiries
#24-509
Offering
RIA
Type
Washington
Location
$1,850,000
Asking Price
About This Opportunity
This eight year old practice is a fee-only registered investment adviser with a virtual service model and with a client concentration in Seattle, the San Francisco Bay area, and New York City. They are a financial planning focused firm servicing approximately 55 households, focused primarily on earlier and mid-career women in tech, especially those with equity compensation. The practice provides a high touch, personalized client experience with a focus on supporting clients' long term personal and financial goals. They conduct plan reviews on a semi-annual or annual basis and other touch points depending on client needs. The ideal continuity partner will need to be client relationship focused, must be a fiduciary, fee-only firm, and must be very familiar with clients who are early/mid-career high earners and those with complex equity compensation.
The owner of this practice is looking to establish a buy-sell agreement. The purpose of the buy-sell agreement will be to provide continuity of service for clients in the event of the owner's death or permanently disability. The current value of the practice is around $1,850,000, but the actual purchase price will be determined by FP Transitions at the time of a triggering event (death or disability of the owner). The owner is willing to consider various deal structures with the right continuity partner.
$73,120,000
Assets
$630,000
Revenue
50%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot
LLC
Form of Ownership
1
Owners
2
Full-time Employees
Null
Licensed Professionals
Null
Designations
Charles Schwab
Custodians
Household Servicing
55
Households
Null
Client Servicing
Null
Client Base
Types of clients that this firm services segmented based on type or assets.
Mass Affluent - $0 to $999,999
High Net Worth - $1,000,000 to $29,999,999
Ultra High Net Worth - $30,000,000+
Corporate/Institutional - Business entities (often through 401(k)s)
Portfolio Management
Null
In-House v. Outsourced
Null
Model v. Custom
Passive
Active v. Passive
Tech Stack
Null
CRM
Null
Financial Planning
Null
Portfolio Management
Revenue
Historical Revenue
Sources of Revenue
Recurring v. Non-Recurring
Household Demographics
Age
Assets
Ideal Partner
Type
RIA
Fee-Only
Location
Null
Client Servicing
Null
Designations
Null
Service Offerings
Null
Investment Vehicles
Null
Investment Strategies
Null
Retention
These are the elements of the existing firm that a potential acquisition partner should be prepared to discuss retaining and integrating as a part of the transition.
Null
Next Steps
Express Interest
Click below to express your interest in this opportunity by filling out a short form.
Frequently Asked Questions
What is a continuity partner matching opportunity?
This is a chance to become a partner in a buy-sell agreement with another firm, covering scenarios like death or disability. This service, provided by FP Transitions, matches advisors together who are seeking continuity protections but do not have prospective partners in their existing networks. Introductions are made by reviewing detailed inquiry messages and determining the most appropriate match.
What does the continuity partner matching process look like?
Based on your inquiry and match strength, we will share your information with potential partners. If they are interested, they will reach out to you directly. Before any conversations, both parties will need to sign a mutual non-disclosure agreement to protect your information.
How do I inquire about a continuity partner match opportunity?
First, review the details about the prospective partner firm. Then, click "Inquire Now" at the bottom of the page. Complete the form, providing a clear and concise explanation of why you believe you are a good fit for the opportunity.
Are EMS™ member inquiries prioritized?
No, all inquiries submitted are reviewed and considered regardless of paid membership status. That being said, EMS™ members receive priority notification and tend to be more successful in moving forward in the process because their membership services improve their business’s ability to meet seller criteria and submit a well-articulated inquiry. EMS™ members have taken action to monitor value and improve their business which not only produces a more valuable candidate but demonstrates the businesses commitment to growth. Through their membership, they also have access to consultants that help them to build a targeted acquisition strategy–including continuity partnerships–and how to match their priorities with the details of a listing to give them a good idea of a match before they inquire.
Additionally, EMS™ members can access inquiry support which makes them better able to articulate their fit in an inquiry message and tailor it to the specific acquisition or continuity partner match opportunity.
How long will it be before I hear back about my inquiry?
You will receive a confirmation once your inquiry is received. It will be shared with the potential partner for review, and they will contact you directly using the provided contact information.
Do I need to have a continuity plan in place before I submit a continuity partner match inquiry?
Having a continuity plan is not required, but it is highly recommended. Click https://www.fptransitions.com/EMS™ to become an EMS™ member and get your continuity plan in place.
What qualifications should a continuity partner have?
A potential partner should be willing and able to commit to a buy-sell agreement based on the provided information from the partner-seeking business.
Is a continuity partner the same as a succession partner?
No, a continuity partner specifically covers scenarios like death or disability. However, some agreements may include a right of first offer if the business is sold.