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
Null%
Expenses
Null
Non-Adjusted EBITDA
Firm Snapshot

LLC
Form of Ownership

1
Owners

4
Full-time Employees

4
Licensed Professionals

CFP
ChFC
Enrolled Agent
Other
Designations

TD Ameritrade
Other
Custodians
Household Servicing

132
Households

In Office
In Person
Video Conferencing
Client Servicing

High Net Worth
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

Outsourced
In-House v. Outsourced

Null
Model v. Custom

Passive
Active v. Passive
Tech Stack

Wealthbox
CRM

Right Capital
Financial Planning

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
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

Express Interest
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