Practice for Sale
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.
Form of Ownership
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