Practice for Sale

Offer Accepted

#23-435

Offering

Hybrid

Type

Northeast

Location

Negotiable

Asking Price

About This Opportunity

This planning-focused hybrid RIA provides its 316 client households with financial, tax, and estate planning services, investment management, and insurance. This firm’s investment strategy is focused on goal-oriented management through tactical and strategic asset allocation. Client portfolios are individualized to each client’s specific needs and circumstances. This firm’s trailing 12-month revenue is over $1.6 million, 99% of which is from managing approximately $180,000,000 in assets with the remaining from financial planning fees, mutual funds, and insurance. This is an excellent acquisition opportunity for a firm looking to establish or expand its footprint in the Northeast.

The ideal acquisition partner for this RIA is a client-centric, planning-focused firm with a track record of providing a similar service offering. This is a Sell and Stay® opportunity with the firm’s principal seeking a glide path to retirement and staff seeking meaningful employment with the acquiring firm.

$180,000,000

Assets

$1,713,318

Revenue

36%

Expenses

Firm Snapshot

Form of Ownership

LLC

Form of Ownership

Owners

1

Owners

Full-time Emloyees

2

Full-time Employees

Licensed Professionals

2

Licensed Professionals

Designations

CFP
Other

Designations

Custodians

Charles Schwab

Custodians

Household Servicing

Households

316

Households

Client Servicing

In Office
Video Conferencing
Phone

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

MoneyGuide Pro

Financial Planning

Portfolio Management

Envestnet/Tamarac

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA

Location

Regional

Client Servicing

In Office
Video Conferencing
Phone

Designations

CFP
CPA
Enrolled Agent

Service Offerings

Estate Planning
Financial Planning
Tax Guidance

Investment Vehicles

ETFs
Mutual Funds
SMAs

Investment Strategies

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)
Licensed Professional(s)
Support Staff
Office Space

Next Steps

Express Interest

Express Interest

Click below to express your interest in this opportunity by filling out a short form.

Join Our List

Get more #FPInsights delivered straight to your inbox.