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.
