Practice for Sale

Interviewing Finalists

#23-462

Offering

IAR

Type

NYC Metro

Location

Negotiable

Asking Price

About This Opportunity

Located in the New York City metro area, this IAR is focused on providing client-centric, values-based financial planning and wealth management services. Using a comprehensive approach to wealth management, this practice strives to bring clarity and confidence in financial decision-making to each of its 250 client households. this practice generates nearly $1.7 million in revenue from managing roughly $157 million in assets.

The ideal acquisition partner for this practice would be a well-established firm that has a client-first/centric mentality, defined operational processes, and a presence in the New York City area. The acquisition partner must also be willing to provide the practice’s principal a glide path to retirement and provide meaningful employment for the practice’s employees post-sale.

$157,224,905

Assets

$1,695,282

Revenue

Firm Snapshot

Form of Ownership

S Corp

Form of Ownership

Owners

1

Owners

Full-time Emloyees

3

Full-time Employees

Licensed Professionals

2

Licensed Professionals

Designations

CFP
ChFC

Designations

Custodians

Other

Custodians

Household Servicing

Households

250

Households

Client Servicing

In Office
In Person
In Home

Client Servicing

Client Base

Mass Affluent

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

Both

In-House v. Outsourced

Model v. Custom

Custom

Model v. Custom

Active v. Passive

Active

Active v. Passive

Tech Stack

CRM

Proprietary

CRM

Financial Planning

MoneyGuide Pro

Financial Planning

Portfolio Management

Proprietary

Portfolio Management

Revenue

Historical Revenue

Sources of Revenue

Recurring v. Non-Recurring

Household Demographics

Age

Assets

Ideal Partner

Type

RIA

Location

National

Client Servicing

In Office
In Person
In Home

Designations

CFP
ChFC

Service Offerings

Financial Planning
Insurance Guidance
Insurance Sales
Wealth Management

Investment Vehicles

Alternative Investments
Individual Securities
ETFs
Mutual Funds
Bonds
Cash Management

Investment Strategies

ESG
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.

Licensed Professional(s)
Support Staff
Office Space

Next Steps

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