Practice for Sale
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.
Form of Ownership
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)
In-House v. Outsourced
Capacity for Both
Model v. Custom
Active v. Passive