Practice for Sale

Interviewing Finalists

#23-438

Offering

IAR/RR

Type

Kansas City

Location

$2,300,000

Asking Price

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.

$230,000,000

Assets

$904,928

Revenue

14%

Expenses

Firm Snapshot

Form of Ownership

S Corp

Form of Ownership

Owners

1

Owners

Full-time Emloyees

1

Full-time Employees

Licensed Professionals

2

Licensed Professionals

Custodians

Other

Custodians

Household Servicing

Households

304

Households

Client Servicing

In Office
In Person

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

Custom

Model v. Custom

Active v. Passive

Active

Active v. Passive

Tech Stack

CRM

BD/Custodial Platform

CRM

Financial Planning

Emoney

Financial Planning

Portfolio Management

N/A

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA
B/D Relationship
Insurance

Location

Local
Regional

Client Servicing

In Office
In Person

Designations

CFA

Service Offerings

Financial Planning
Insurance Sales
Wealth Management
Other

Investment Vehicles

Individual Securities
ETFs
Mutual Funds

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.

Licensed Professional(s)
Office Space

Next Steps

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