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Succession Planning: Buy/Sell Practice

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For those advisors interested in buying and selling advisory practices.
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When selling practices, I was always under the impression the practice would be sold based on 2-3x trailing 12 rev. Is it typical for practices you currently work for to do some sort of equity owners… more

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I’m aware of a large practice for sale in Walnut Creek, CA ($300M in assets) 39% fee and one in CT closer to $140M in AUM. 97% fee. Both require a hybrid advisor willing to change BD firms. Let me kn… more

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I want to buy in Montana, Idaho, or Wyoming.

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Anyone looking for a junior partner in Kansas City area?

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I am a junior advisor of a team in a book around 400mm, 3mm in revenue. When I was hired, I was told that my job was to be groomed to eventually take over the book. But now, the senior partner wants m… more

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Has anyone had a client go from a regular "C" corporation to an LLC? I've heard it isn't as easy as if seems...and that they would be better to go to a subchapter "S".

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Established buyer backed by a solid firm seeking $1m+ in fee and commission generating revenue from sole practices and teams (based on T-12 production and AUM) to integrate into our system across the … more

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Looking for a senior advisor in North Atlanta that is looking to slow down and ultimately semi retire and retire while finding a good for for themselves as well as their clients

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Looking for advice on building an additional office in Northern Palm Beach County Florida. I enjoy organic growth, but looking to scale quickly in the new location. I’m open to aligning with partner… more

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Looking to buy a book (roughly $10m-$30m) to add to my current book, in the northern Illinois or southern Wisconsin area. Currently a hybrid structure. Open to discussions. Thanks!

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What does a typical succession plan look like when you work into a book of business? Say 5 or 6 years of working alongside each other prior to full transfer of business

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Looking for a fee only IAR book to work into or purchase over the next couple years, I’m younger with series 7, 66, 24, and all Ohio insurance licenses.

I'm looking to buy a Spokane, WA area practice.

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2 independent RIA’s wanting to explore a possible merger. Looking for a consultant, coach or advisor who can walk us through how to evaluate, considerations, steps to take, red flags, etc. Anyone wil… more

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Anyone in SE Louisiana looking to sell a book of business?

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Anyone in N Atlanta looking for a partner so you can eventually transition to Pre Retirement and Retirement? I am 25 years in business, CFP and 90pct fee based and looking to add the right fit.

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Spokane, WA new hire comp: They pass test (I reimburse) then pay starts. Year 1: $40K & 10% comm. Year 2: $30K & 20% comm. Year 3: $20K & 30% comm. Year 4: $10K & 40% comm. Year 5: 50%… more

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Is anyone considering merging given the current environment? My practice was in the process of interviewing new hybrid independent broker dealers and hear some are no longer recruiting. Thoughts?

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I'm adding a brand new FA, probably as a W-2 initially. Any suggestions on compensation?

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Anyone in metro DC looking to transition out?

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Looking to work into or purchase a book, series 7, 66, 24 and all insurance licenses. Location is not a concern.

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Anyone in North East Ohio looking to phase out?

Anyone in Indianapolis area looking to transition out soon? Seems to me no one is wanting to let go at the top which makes me scratch my head a little.

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25 year indy Looking to buy a practice in the New Orleans, Slidell, Mandeville area. PM me to discuss. Thanks!

Looking to buy practice in Kansas City. PM me for details.

Anyone looking to sell a book in Central Mass?

Our goal is to add advisors since we are in a growth mode across the US in twelve offices. We’re offering culture, significant payouts, succession planning, and more. RSVP to Connie.

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Looking for small book in Minneapolis and surrounding areas.

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Looking to reach out to retiring advisors to see if they have succession plans in place. Is there a list out there that has advisor contact info?

I posted this in another bowl with no engagement: I’m looking for input on some questions I should be asking as I’ve been approached to be the successor advisor on an RIA. Anyone here with experience?

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Looking to buy a practice in Clearwater/St. Petersburg,Florida region. We currently manage $250 million in AUM and looking to acquire a practice as a succession plan for advisor in that region.

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Looking to buy or be a successor/mentee for a practice in NC or SC. Licensed for over 15 years and believe in comprehensive planning. Interested in having conversations with all types of practices

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Chicago & suburbs: seeking advisor min $20m AUM to change firms and team with me at my RIA to service clients better as co-advisors and build practice. Great tech, transition, and admin support!

Edward Jones folks: there’s an EJ FA selling his book not far from me. I’d like to buy it. How does your noncompete work, is this a possibility, etc. this may be more than a forum comment can explain.

Thanks!looking for a book around Atlanta!

Selling book of structured autocalls brokerage..all purschase when market was down with 6-12 month left to mature... 6467848487 cell....LPL preferred

Any ideas on the variables of pricing a book? Seems to be all over the place. Just looking for something fair to both parties.

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