Practice for Sale

Offer Accepted

#23-436

Offering

RIA

Type

National Client Base

Location

$1,500,000

Asking Price

About This Opportunity

This fee-only RIA provides financial and tax planning and active management advisory services to its 40 households, most of which are located in Florida and the Northeast. This RIA’s 2022 revenue was $591,883 from managing $53 million in assets.

The principal of this RIA is looking to retire and transition the RIA’s client relationships to a well-established RIA with tax and active management experience.

$53,000,000

Assets

$531,000

Revenue

3%

Expenses

Firm Snapshot

Form of Ownership

Sole Prop

Form of Ownership

Owners

1

Owners

Licensed Professionals

1

Licensed Professionals

Custodians

Charles Schwab

Custodians

Household Servicing

Households

40

Households

Client Servicing

Video Conferencing
Remote
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

In-House

In-House v. Outsourced

Model v. Custom

Capacity for Both

Model v. Custom

Active v. Passive

Active

Active v. Passive

Tech Stack

CRM

None

CRM

Financial Planning

Money Guide Pro

Financial Planning

Portfolio Management

Tamarac

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA

Location

National

Client Servicing

Video Conferencing
Remote
Phone

Designations

CFP
Enrolled Agent

Service Offerings

Tax Guidance
Wealth Management

Investment Vehicles

Individual Securities
ETFs

Investment Strategies

ESG
Active

Next Steps

Express Interest

Express Interest

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