Practice for Sale

Offer Accepted

#22-395

Offering

IAR/RR

Type

Washington DC Suburbs

Location

$3,750,000

Asking Price

About This Opportunity

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.

$130,627,000

Assets

$1,358,823

Revenue

Firm Snapshot

Owners

1

Owners

Full-time Emloyees

3

Full-time Employees

Household Servicing

Households

362

Households

Portfolio Management

Tech Stack

Financial Planning

Right Capital

Financial Planning

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Next Steps

Express Interest

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