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
Null
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

1
Owners

1
Full-time Employees

1
Licensed Professionals

CFP
Designations

Null
Custodians
Household Servicing

420
Households

In Office
In Home
Video Conferencing
Client Servicing

Mass Affluent
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

Both
In-House v. Outsourced

Capacity for Both
Model v. Custom

Active
Active v. Passive
Tech Stack

BD/Custodial Platform
CRM

BD/Custodial Platform
Financial Planning

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
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

Express Interest
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