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

Firm Snapshot

Form of Ownership

LLC

Form of Ownership

Owners

1

Owners

Full-time Emloyees

6

Full-time Employees

Licensed Professionals

3

Licensed Professionals

Household Servicing

Households

157

Households

Portfolio Management

Tech Stack

CRM

XLR8/Salesforce

CRM

Financial Planning

MoneyGuide Pro

Financial Planning

Portfolio Management

Envestnet/Tamarac

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Next Steps

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