Practice for Sale
About This Opportunity
This Kansas City, MO-based IAR/RR firm provides its 300+ client households with holistic insurance and fee-based wealth advisory services. This practice consistently generates nearly a million dollars of revenue year over year. The revenue is generated from managing $230 million in AUM, 401(k) plans, and trails and commissions from stocks, bonds, mutual funds, variable annuities, and insurance.
The ideal acquisition partner would be an RIA with a broker-dealer relationship that offers insurance planning services. The seller is interested in connecting with firms that have, or are willing to establish, a local presence in the Kansas City metro area. The founding partner will assist with the transition before retiring, and the tenured client-facing advisor is seeking a meaningful partnership with the acquiring firm.
Form of Ownership
High Net Worth
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)
In-House v. Outsourced
Model v. Custom
Active v. Passive