Practice for Sale

Accepting Inquiries

#23-422

Offering

Hybrid

Type

Capital District Region, NY

Location

Negotiable

Asking Price

About This Opportunity

This hybrid RIA in upstate New York provides a comprehensive planning and a well-established investment service offering to their 989 clients. In 2022, this RIA generated roughly $1.73 million in recurring revenue from managing approximately $200 million in assets and $134,000 in trails from variable annuities and insurance.

This is a Sell and Stay® opportunity as the principal of this RIA is looking to step back from the day-to-day operational duties and focus more on marketing efforts and business growth. Additionally, 5 staff members are looking for meaningful employment post-stale.

The ideal acquisition partner for this hybrid RIA would be a well-established hybrid firm with a similar service model and service offering (e.g., financial planning, tax planning, insurance, etc.) that is interested in establishing or expanding in the Northeast.

$200,000,000

Assets

$1,900,000

Revenue

53%

Expenses

Firm Snapshot

Form of Ownership

LLC

Form of Ownership

Owners

1

Owners

Full-time Emloyees

6

Full-time Employees

Licensed Professionals

2

Licensed Professionals

Designations

Other

Designations

Custodians

Fidelity

Custodians

Household Servicing

Households

989

Households

Client Servicing

In Office
In Person
In Home

Client Servicing

Client Base

Mass Affluent
High Net Worth

Client Base Info 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

In-House v. Outsourced

In-House

In-House v. Outsourced

Model v. Custom

Capacity for Both

Model v. Custom

Active v. Passive

Active

Active v. Passive

Tech Stack

CRM

Redtail

CRM

Financial Planning

eMoney

Financial Planning

Portfolio Management

Pershing X

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA

Location

Regional

Client Servicing

In Office
In Person
In Home

Service Offerings

Banking
Estate Planning
Estate Planning Guidance
Insurance Guidance
Insurance Sales
Succession Planning
Wealth Management
Other

Investment Vehicles

Alternative Investments
Individual Securities
ETFs
Mutual Funds
Bonds
Options
Cash Management

Investment Strategies

Active

Retention Info 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.

Founder(s)
Licensed Professional(s)
Office Space

Next Steps

Express Interest

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