Practice for Sale

Offer Accepted

#23-443

Offering

IAR/RR

Type

Western Michigan

Location

$2,100,000

Asking Price

About This Opportunity

This RR/IAR firm in Western Michigan offers holistic financial planning, retirement planning, and investment management services to its 420 households. In the last 12 months, this practice generated over $850,000 in revenue. 42% of that revenue was generated from managing approximately 106 million in assets. The remaining revenue was generated from mutual funds, variable annuity commissions, and insurance.

The ideal acquisition partner for this practice would be a well-established hybrid RIA that provides financial planning, insurance guidance/sales, and wealth management to its clients. The ideal partner should plan to maintain the seller’s two current office locations, both located in Western Michigan. This is a Sell and Stay® opportunity with the firm’s principal and key support staff member seeking meaningful employment with the acquiring firm.

$105,913,800

Assets

$850,261

Revenue

32%

Expenses

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

Household Servicing

Households

420

Households

Client Servicing

In Office
In Home
Video Conferencing

Client Servicing

Client Base

Mass Affluent

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

Both

In-House v. Outsourced

Model v. Custom

Capacity for Both

Model v. Custom

Active v. Passive

Active

Active v. Passive

Tech Stack

CRM

BD/Custodial Platform

CRM

Financial Planning

BD/Custodial Platform

Financial Planning

Portfolio Management

BD/Custodial Platform

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA
B/D Relationship

Location

National

Client Servicing

In Office
In Home
Video Conferencing

Designations

CFP

Service Offerings

Financial Planning
Insurance Guidance
Insurance Sales
Tax Guidance
Wealth Management

Investment Vehicles

Individual Securities
ETFs
Mutual Funds
Bonds
SMAs

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.

Founder(s)
Support Staff
Office Space

Next Steps

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