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

$276,771

Non-Adjusted EBITDA

Firm Snapshot

Form of Ownership

LLC

Form of Ownership

Owners

1

Owners

Full-time Emloyees

1

Full-time Employees

Licensed Professionals

1

Licensed Professionals

Designations

CFP

Designations

Custodians

TD Ameritrade

Custodians

Household Servicing

Households

84

Households

Client Servicing

In Office
Video Conferencing
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

Outsourced

In-House v. Outsourced

Model v. Custom

Capacity for Both

Model v. Custom

Active v. Passive

Passive

Active v. Passive

Tech Stack

CRM

Redtail

CRM

Financial Planning

Right Capital

Financial Planning

Portfolio Management

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 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.

Support Staff

Next Steps

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