Practice for Sale
Offer Accepted
#22-407
Offering
RIA
Type
Michigan
Location
$3,750,000
Asking Price
About This Opportunity
This fee-only RIA based in Michigan is focused on providing a comprehensive suite of wealth management services to its client base, including many entrepreneurs and business owners, while also partnering with corporations and their employees to provide retirement guidance and support. This RIA services over 150 households and derives over 75% of its revenue from recurring advisory fees, with the remaining 25% coming from recurring 401(k) advisory fees. 2021 Revenue for this RIA came in at nearly $1,250,000, 100% of which coming from recurring revenue sources.
This is a true Sell and Stay® opportunity, with the principal looking to find an ongoing partnership with a well-established partner firm. The RIA’s team is comprised of six full-time members, all of which will look to maintain meaningful employment post transaction.
$210,900,000
Assets
$1,249,235
Revenue
Null%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

1
Owners

6
Full-time Employees

3
Licensed Professionals

Null
Designations

Null
Custodians
Household Servicing

157
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

XLR8/Salesforce
CRM

MoneyGuide Pro
Financial Planning

Envestnet/Tamarac
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.
Null
Next Steps

Express Interest
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