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.
