Practice for Sale

Offer Accepted

#23-454

Offering

RIA

Type

New York

Location

Negotiable

Asking Price

About This Opportunity

This upstate New York-based RIA is focused on providing its 180 households with bespoke active asset management. This RIA is hyper-focused on maximizing each client’s investment returns while minimizing their risk. In 2022, this RIA generated approximately $1,790,000 in gross revenue from actively managing more than $950 million in client assets.

The acquisition partner for this firm must be a well-established RIA firm with an active management investment philosophy, a commitment to providing exceptional high-touch client service, and experience with institutional clients. The partner firm should also have a CFA® and other experienced, well-credentialed advisors on staff and be willing to retain 3 of the RIA’s existing support staff. This RIA would make a great addition to a firm that seeks to add to or expand its asset management capabilities in the Northeast and Southeast, as the firm’s clients are concentrated in those two areas.

$950,000,000

Assets

$1,789,778

Revenue

Firm Snapshot

Form of Ownership

S Corp

Form of Ownership

Owners

2

Owners

Full-time Emloyees

5

Full-time Employees

Licensed Professionals

5

Licensed Professionals

Designations

CFA
CFP

Designations

Custodians

Fidelity

Custodians

Household Servicing

Households

180

Households

Client Servicing

In Office
Video Conferencing

Client Servicing

Client Base

Mass Affluent
High Net Worth
Corporate/Institutional

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

Custom

Model v. Custom

Active v. Passive

Active

Active v. Passive

Tech Stack

CRM

ACT

CRM

Portfolio Management

Advent

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA

Location

Regional
National

Client Servicing

In Office
Video Conferencing

Designations

CFA
CFP

Service Offerings

Insurance Guidance
Wealth Management

Investment Vehicles

Alternative Investments
Individual Securities
Options

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.

Principals
Licensed Professional(s)

Next Steps

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