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
Null%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot

S Corp
Form of Ownership

2
Owners

5
Full-time Employees

5
Licensed Professionals

CFA
CFP
Designations

Fidelity
Custodians
Household Servicing

180
Households

In Office
Video Conferencing
Client Servicing

Mass Affluent
High Net Worth
Corporate/Institutional
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

Custom
Model v. Custom

Active
Active v. Passive
Tech Stack

ACT
CRM

Null
Financial Planning

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
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

Express Interest
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