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
Null
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

1
Owners

2
Full-time Employees

2
Licensed Professionals

ChFC
CLU
Designations

Fidelity
Custodians
Household Servicing

116
Households

In Office
Video Conferencing
Client Servicing

Mass Affluent
Ultra High Net Worth
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

In-House
In-House v. Outsourced

Model
Model v. Custom

Active
Active v. Passive
Tech Stack

Redtail
CRM

eMoney
Financial Planning

Null
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
Designations
ChFC
CLU
Service Offerings
Financial Planning
Insurance Guidance
Insurance Sales
Wealth Management
Investment Vehicles
Individual Securities
Mutual Funds
Bonds
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.
Licensed Professional(s)
Support Staff
Office Space
Next Steps

Express Interest
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