Practice for Sale
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.
Form of Ownership
Ultra High Net Worth
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
Model v. Custom
Active v. Passive