Practice for Sale
Capital District Region, NY
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.
Form of Ownership
High Net Worth
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)
In-House v. Outsourced
Capacity for Both
Model v. Custom
Active v. Passive