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
Null
Non-Adjusted EBITDA
Firm Snapshot

S Corp
Form of Ownership

1
Owners

1
Full-time Employees

2
Licensed Professionals

Null
Designations

Other
Custodians
Household Servicing

304
Households

In Office
In Person
Client Servicing

Mass Affluent
High Net Worth
Client Base
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
In-House v. Outsourced

Custom
Model v. Custom

Active
Active v. Passive
Tech Stack

BD/Custodial Platform
CRM

Emoney
Financial Planning

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
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

Express Interest
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