Practice for Sale
Interviewing Finalists
#23-441
Offering
RIA
Type
New Jersey
Location
$1,475,000
Asking Price
About This Opportunity
This planning-focused, fee-only RIA based in New Jersey services clients throughout the Northeast. This firm provides its 84 client households with financial planning and wealth management services. In 2022, they generated $510,000 from managing $71 million in assets and one-time financial planning fees.
An ideal acquisition partner for this firm would be a well-established RIA with a planning focus and may have a CFP on staff. While the principal of this RIA is looking forward to retiring after transitioning the client relationships, the junior planner is open to continuing on with the acquiring firm.
$71,000,000
Assets
$542,000
Revenue
Null%
Expenses
$276,771
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

1
Owners

1
Full-time Employees

1
Licensed Professionals

CFP
Designations

TD Ameritrade
Custodians
Household Servicing

84
Households

In Office
Video Conferencing
Phone
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

Outsourced
In-House v. Outsourced

Capacity for Both
Model v. Custom

Passive
Active v. Passive
Tech Stack

Redtail
CRM

Right Capital
Financial Planning

AssetBook
Portfolio Management
Revenue
Historical Revenue
Sources of Revenue
Recurring v. Non-Recurring
Household Demographics
Age
Assets
Ideal Partner
Type
RIA
Fee-Only
Location
Local
Regional
National
Client Servicing
In Office
Video Conferencing
Phone
Designations
CFP
Service Offerings
Financial Planning
Wealth Management
Investment Vehicles
ETFs
Mutual Funds
Investment Strategies
Passive
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.
Support Staff
Next Steps

Express Interest
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