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

Firm Snapshot

Form of Ownership

LLC

Form of Ownership

Owners

1

Owners

Full-time Emloyees

2

Full-time Employees

Licensed Professionals

1

Licensed Professionals

Designations

CFP
CIMA
CPA
PFS

Designations

Custodians

Charles Schwab

Custodians

Household Servicing

Households

95

Households

Client Servicing

In Office
Video Conferencing

Client Servicing

Client Base

Mass Affluent

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

In-House

In-House v. Outsourced

Model v. Custom

Custom

Model v. Custom

Active v. Passive

Active

Active v. Passive

Tech Stack

CRM

ACT

CRM

Financial Planning

EMoney

Financial Planning

Portfolio Management

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 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)
Licensed Professional(s)
Support Staff

Next Steps

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