Practice for Sale

Accepting Inquiries

#23-460

Offering

RIA

Type

Bay Area, California

Location

$3,000,000

Asking Price

About This Opportunity

This fee-only RIA based in the Bay Area of California provides comprehensive financial planning, tax preparation, and investment management services on a fixed flat-fee basis. This RIA services over 130 client households that are primarily based in California. This RIA has four full-time virtual employees and one part-time employee. The part-time team member provides support for the four credentialed advisors. The founder of this RIA will assist in successfully transitioning clients and will look to retire from the business approximately one year after closing.

The ideal acquisition partner for this practice is a fee-only fiduciary RIA that offers a suite of comprehensive financial planning, tax projection and preparation, and investment services. The seller is interested in speaking with potential partner firms that have at least one CFP on staff. The five employees would like to remain with the acquiring firm post-sale.

$57,145,890

Assets

$860,000

Revenue

Firm Snapshot

Form of Ownership

LLC

Form of Ownership

Owners

1

Owners

Full-time Emloyees

4

Full-time Employees

Licensed Professionals

4

Licensed Professionals

Designations

CFP
ChFC
Enrolled Agent
Other

Designations

Custodians

TD Ameritrade
Other

Custodians

Household Servicing

Households

132

Households

Client Servicing

In Office
In Person
Video Conferencing

Client Servicing

Client Base

High Net Worth

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

Outsourced

In-House v. Outsourced

Active v. Passive

Passive

Active v. Passive

Tech Stack

CRM

Wealthbox

CRM

Financial Planning

Right Capital

Financial Planning

Portfolio Management

Betterment

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA
Fee-Only

Location

National

Client Servicing

In Office
In Person
Video Conferencing

Designations

CFP
CPA

Service Offerings

Estate Planning
Financial Planning
Insurance Guidance
Tax Guidance
Tax Prep
Wealth Management

Investment Vehicles

Individual Securities
ETFs
Mutual Funds

Investment Strategies

Passive

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.

Licensed Professional(s)

Next Steps

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