Practice for Sale
Accepting Inquiries
#23-426
Offering
IAR/RR
Type
New Jersey
Location
$2,800,000
Asking Price
About This Opportunity
This RR/IAR practice in New Jersey is focused on providing a high touch, comprehensive financial planning experience to its 113 client households. The client relationships are very stable, with an average tenure of 25 years and established relationships with the next generation. This practice generated $1.15 million in revenue in 2022, approximately 79% of which is generated from managing $209 million in assets, with the remaining from commissions and trails from individual stocks, ETF’s, fixed income, closed in funds, CDs, alternatives, mutual funds, and annuities.
The ideal acquisition partner for this practice should be a well-established Hybrid RIA that has knowledge in managing low turnover, individual high-quality stock and high-quality bond portfolios using asset allocation models. The seller has one long-term employee that is seeking meaningful employment with the acquiring firm. The seller would like the practice’s current office space maintained for at least 1-year post-closing.
$209,951,000
Assets
$1,148,907
Revenue
Null%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot

Sole Prop
Form of Ownership

1
Owners

1
Full-time Employees

1
Licensed Professionals

Null
Designations

Null
Custodians
Household Servicing

113
Households

Null
Client Servicing

Null
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

Null
In-House v. Outsourced

Null
Model v. Custom

Null
Active v. Passive
Tech Stack

BD/Custodial Platform
CRM

BD/Custodial Platform
Financial Planning

BD/Custodial Platform
Portfolio Management
Revenue
Historical Revenue
Sources of Revenue
Recurring v. Non-Recurring
Household Demographics
Age
Assets
Ideal Partner
Type
Null
Location
Null
Client Servicing
Null
Designations
Null
Service Offerings
Null
Investment Vehicles
Null
Investment Strategies
Null
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.
Null
Next Steps

Express Interest
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