Practice for Sale
Offer Accepted
#22-367
Offering
RIA
Type
Pennsylvania
Location
$6,700,000
Asking Price
About This Opportunity
This IAR in the Pittsburgh area provides clients with comprehensive planning and wealth management services, including investment management, retirement and estate planning, business planning, tax planning, and preparation, among other offerings. This firm prides itself on its client responsiveness and providing its clients with open and honest advice and guidance. In 2021, this firm generated over $2.5 million in gross revenues, with 83% of the revenue generated from managing $340 million in assets and the remaining 17% from its other planning and wealth management services.
This is an excellent opportunity for a firm looking to establish a turn-key branch office in the Pittsburgh area. The ideal acquisition partner is a well-established firm with a robust planning and wealth management offering comparable to the offering currently being provided to this firms clients and a well-credentialed staff. This is a Sell and Stay opportunity with the firms staff and 3 principals looking for meaningful employment with the acquiring firm
$389,000,000
Assets
$2,823,400
Revenue
Null%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

3
Owners

9
Full-time Employees

Null
Licensed Professionals

Null
Designations

Null
Custodians
Household Servicing

643
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

Null
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
Null
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.
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Next Steps

Express Interest
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