This practice located in an affluent suburb of Philadelphia focuses on providing clients with tactical portfolio design and management. With approximately 65% of its client base under the age of 50 and a strong referral network of local doctors, dentists, pharmacists, and small business owners, this practice has great growth potential. The current annual gross revenue for this practice is approximately $580,000, $115,000 of which is recurring revenue with the remainder from non-recurring commissions predominately from stocks.
The preferred buyer would be a well-established, full-service RIA firm with experience in converting client assets into fee-based accounts. The seller also prefers a buyer who has at least one staff member with the Certified Financial Planner® designation.
Terms: Minimum of 30% down with the balance seller financed