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

Firm Snapshot

Form of Ownership

Sole Prop

Form of Ownership

Owners

1

Owners

Full-time Emloyees

1

Full-time Employees

Licensed Professionals

1

Licensed Professionals

Household Servicing

Households

113

Households

Portfolio Management

Tech Stack

CRM

BD/Custodial Platform

CRM

Financial Planning

BD/Custodial Platform

Financial Planning

Portfolio Management

BD/Custodial Platform

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Next Steps

Express Interest

Express Interest

Click below to express your interest in this opportunity by filling out a short form.

Join Our List

Get more #FPInsights delivered straight to your inbox.