Practice for Sale

Reviewing Offers

#23-427

Offering

RIA

Type

Northern New Jersey

Location

Negotiable

Asking Price

About This Opportunity

This growing RIA practice located in northern New Jersey provides comprehensive financial and investment management services to its 127 client households, with half of the households being high net worth. In 2022, this practice generated over $1.67 million in revenue from managing approximately $190 million in assets, and is on a continued growth trajectory this year.

The ideal acquisition partner for this practice would be a well-established RIA or hybrid RIA that provides bespoke comprehensive financial planning services, inclusive of tax and estate planning, to its clients. The ideal partner would have a presence in the northern New Jersey area and be able to provide meaningful employment to the practice’s 4 long-term employees post-transaction.

$189,300,000

Assets

$1,671,810

Revenue

33%

Expenses

$563,921

Non-Adjusted EBITDA

Firm Snapshot

Form of Ownership

S Corp

Form of Ownership

Owners

1

Owners

Full-time Emloyees

4

Full-time Employees

Licensed Professionals

3

Licensed Professionals

Designations

CFA
CFP

Designations

Custodians

TD Ameritrade

Custodians

Household Servicing

Households

127

Households

Client Servicing

In Office
Remote

Client Servicing

Client Base

Mass Affluent
High Net Worth

Client Base Info 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 v. Outsourced

Both

In-House v. Outsourced

Model v. Custom

Capacity for Both

Model v. Custom

Active v. Passive

Capacity for Both

Active v. Passive

Tech Stack

CRM

Redtail

CRM

Financial Planning

eMoney

Financial Planning

Portfolio Management

Black Diamond

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA

Location

Local
Regional
National

Client Servicing

In Office
Remote

Designations

CFA
CFP

Service Offerings

Estate Planning
Financial Planning
Tax Guidance
Wealth Management

Investment Vehicles

Alternative Investments
ETFs
Mutual Funds

Investment Strategies

ESG
Passive
Active

Retention Info 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)
Jr. Partner(s)
Principals
Licensed Professional(s)
Support Staff
Office Space

Next Steps

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