Practice for Sale
Offer Accepted
#23-428
Offering
IAR/RR
Type
Pacific Northwest
Location
Negotiable
Asking Price
About This Opportunity
This Pacific Northwest-based IAR/RR offers its clients holistic financial and insurance planning and investment management services. This practice has over 400 fee households with an average client tenure of 18 years. The 2022 revenue for this practice was $2,543,966, with approximately 84% of this revenue from fee income with the remaining 16% of income from mutual fund commissions and insurance sales mainly consisting of life, disability, long-term care, and group health insurance.
The ideal acquisition partner for this practice would be a well-established firm that has a client-first/centric mentality and a current presence, or the desire to establish a presence, in the Pacific Northwest. The seller is looking for a partner firm that would provide the practice’s staff of 8 with meaningful employment post-transaction and provide the seller with a 3-5 year glide path to retirement.
$450,175,000
Assets
$2,543,966
Revenue
56%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot

S Corp
Form of Ownership

2
Owners

8
Full-time Employees

6
Licensed Professionals

CFP
Designations

Other
Custodians
Household Servicing

725
Households

In Office
In Person
Remote
Client Servicing

Mass Affluent
High Net Worth
Corporate/Institutional
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

MoneyGuide Pro
Financial Planning

Morningstar Office; Riskalyze
Portfolio Management
Revenue
Historical Revenue
Sources of Revenue
Recurring v. Non-Recurring
Household Demographics
Age
Assets
Ideal Partner
Type
RIA
Insurance
Location
Local
Regional
National
Client Servicing
In Office
In Person
Remote
Designations
AEP
CFP
CLU
Service Offerings
Financial Planning
Insurance Guidance
Insurance Sales
Wealth Management
Investment Vehicles
Individual Securities
ETFs
Mutual Funds
Bonds
Cash Management
Investment Strategies
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)
Licensed Professional(s)
Support Staff
Office Space
Next Steps

Express Interest
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