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

S Corp
Form of Ownership

1
Owners

4
Full-time Employees

3
Licensed Professionals

CFA
CFP
Designations

TD Ameritrade
Custodians
Household Servicing

127
Households

In Office
Remote
Client Servicing

Mass Affluent
High Net Worth
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

Both
In-House v. Outsourced

Capacity for Both
Model v. Custom

Capacity for Both
Active v. Passive
Tech Stack

Redtail
CRM

eMoney
Financial Planning

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
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

Express Interest
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