Practice for Sale

Offer Accepted

#23-449

Offering

IAR/RR

Type

Denver Metro

Location

$2,100,000

Asking Price

About This Opportunity

This RR/IAR practice in Colorado provides its 116 client households with financial planning, investment management, and insurance services. This practice recently generated nearly $762,000 in revenues over the last trailing 12 months. Nearly 80% of that revenue was generated from managing approximately $67 million in assets. The remaining revenue was generated from financial planning, variable annuity commissions, and insurance.

The ideal acquisition partner for this practice is a fee-based firm with similar client offerings that has a ChFC and a CLU on staff and would be willing to keep the existing office space. The principal of this practice is looking to help an acquiring firm successfully transition clients before moving into retirement. The practice has two staff members, one is licensed and working on their CFP, who are both looking for meaningful employment with the acquiring firm post-sale.

$66,743,000

Assets

$761,813

Revenue

35%

Expenses

Firm Snapshot

Form of Ownership

LLC

Form of Ownership

Owners

1

Owners

Full-time Emloyees

2

Full-time Employees

Licensed Professionals

2

Licensed Professionals

Designations

ChFC
CLU

Designations

Custodians

Fidelity

Custodians

Household Servicing

Households

116

Households

Client Servicing

In Office
Video Conferencing

Client Servicing

Client Base

Mass Affluent
Ultra 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

Active

Active v. Passive

Tech Stack

CRM

Redtail

CRM

Financial Planning

eMoney

Financial Planning

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

Designations

ChFC
CLU

Service Offerings

Financial Planning
Insurance Guidance
Insurance Sales
Wealth Management

Investment Vehicles

Individual Securities
Mutual Funds
Bonds

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.

Licensed Professional(s)
Support Staff
Office Space

Next Steps

Express Interest

Express Interest

Click below to express your interest in this opportunity by filling out a short form.

Join Our List

Get more #FPInsights delivered straight to your inbox.