Practice for Sale
Offer Accepted
#23-430
Offering
Hybrid
Type
Los Angeles Area
Location
$4,600,000
Asking Price
About This Opportunity
This hybrid RIA services 95 client households that are largely based throughout California. This practice utilizes active investment strategies and tax-efficient portfolio management using separate portfolio managers to assist clients in maximizing current wealth and the transfer of wealth to future generations. Investment management is implemented with separate accounts, co-mingled accounts, mutual funds, and exchange traded funds. They provide highly sophisticated estate planning services, including generation-skipping transfers, defective grantor trusts, and charitable remainder trusts. In 2022, this practice generated roughly $1.57 million in gross revenues from managing $187 million in assets. This is a Sell and Stay® opportunity as the practice’s principal is looking for a 3-4-year glide path to retirement.
The ideal acquisition partner for this practice would be a well-established RIA or Hybrid RIA firm that deploys similar investment and estate planning strategies and is willing to maintain the current office space located near the City of Industry. This practice has two experienced staff members, including one who is licensed and holds their CFP, who are both seeking meaningful employment with the acquiring firm.
$187,000,000
Assets
$1,566,472
Revenue
36%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

1
Owners

2
Full-time Employees

1
Licensed Professionals

CFP
CIMA
CPA
PFS
Designations

Charles Schwab
Custodians
Household Servicing

95
Households

In Office
Video Conferencing
Client Servicing

Mass Affluent
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

In-House
In-House v. Outsourced

Custom
Model v. Custom

Active
Active v. Passive
Tech Stack

ACT
CRM

EMoney
Financial Planning

Portfolio Center
Portfolio Management
Revenue
Historical Revenue
Sources of Revenue
Recurring v. Non-Recurring
Household Demographics
Age
Assets
Ideal Partner
Type
RIA
B/D Relationship
Location
Local
Client Servicing
In Office
Video Conferencing
Designations
CFP
CIMA
CPA
PFS
Service Offerings
Estate Planning
Estate Planning Guidance
Financial Planning
Insurance Guidance
Insurance Sales
Tax Guidance
Wealth Management
Investment Vehicles
Individual Securities
Mutual Funds
Bonds
Cash Management
Investment Strategies
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
Next Steps

Express Interest
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