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
Null
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

1
Owners

6
Full-time Employees

2
Licensed Professionals

Other
Designations

Fidelity
Custodians
Household Servicing

989
Households

In Office
In Person
In Home
Client Servicing

Mass Affluent
High Net Worth
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

In-House
In-House v. Outsourced

Capacity for Both
Model v. Custom

Active
Active v. Passive
Tech Stack

Redtail
CRM

eMoney
Financial Planning

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
Designations
Null
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
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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