Practice for Sale

Accepting Inquiries

#23-445

Offering

Hybrid

Type

Louisiana

Location

$1,200,000

Asking Price

About This Opportunity

This insurance and investment management practice services just over $100 mm in AUM across 150 client households comprised mostly of small business owners. The Trailing 12 revenue for this business is $641,569 coming from a mix of insurance, mutual funds and fee based advisory.

The ideal partner would be able to service small minority business owners with insurance and holistic financial planning in the state of Louisiana. The seller is available to assist with the transition before retiring.

$103,632,000

Assets

$641,569

Revenue

19%

Expenses

Firm Snapshot

Form of Ownership

Sole Prop

Form of Ownership

Owners

1

Owners

Full-time Emloyees

0

Full-time Employees

Licensed Professionals

1

Licensed Professionals

Designations

CLTC
CLU
Other

Designations

Custodians

Other

Custodians

Household Servicing

Households

150

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

In-House

In-House v. Outsourced

Model v. Custom

Model

Model v. Custom

Active v. Passive

Capacity for Both

Active v. Passive

Tech Stack

CRM

B/D Custodial Platform

CRM

Financial Planning

B/D Custodial Platform

Financial Planning

Portfolio Management

B/D 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
Insurance

Location

Local

Client Servicing

In Office
Video Conferencing
Phone

Designations

CLTC
CLU

Service Offerings

Insurance Guidance
Insurance Sales
Wealth Management

Investment Vehicles

Individual Securities
Mutual Funds
Cash Management

Investment Strategies

Passive
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.

Support Staff

Next Steps

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