This boutique RIA practice located in Marin County, California prides itself on providing clients with a “one-stop shop” for their financial advisory needs. The annual gross revenue for this practice is just over $211,000, of which approximately $153,000 is from fees on approximately $13 million in assets under advisory with the remaining revenue generated from tax preparation/planning and insurance products, including long-term care and fixed annuities. Most of the practice’s 36 clients are located in the San Francisco area.
The preferred buyer would be a well-established hybrid RIA that provides a similar full-service experience for its clients and is willing to assume or buy-out the seller’s current office space lease (approx. $1,000 a month). The seller also prefers a buyer that has on staff a Certified Financial Planner®, a person licensed to sell insurance products, and a tax planning professional.
Terms: Minimum of 30% down with the balance seller financed