Practice for Sale
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.
Form of Ownership
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