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For those advisors interested in buying and selling advisory practices.

Succession Planning: Buy/Sell Practice

1129 members

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Post About Pinned

For those advisors interested in buying and selling advisory practices.

You are currently posting as works at Kristy Puckett

If anyone out here is interested in learning about the Hybrid RIA model or how we help set up succession plans for Advisors on our platform, please reach out. 205-218-6962 or kpuckett@rfgadvisory.com… more

2 reactions

7 months

You are currently posting as works at Financial Planner

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

2 reactions

8 months

You are currently posting as works at Executive Vice President

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

1 reactions

10 months

You are currently posting as works at Financial Advisor

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

3 reactions

a year

You are currently posting as works at Waddell & Reed

Anyone looking for a junior partner in Kansas City area?

2 reactions

a year

You are currently posting as works at Financial Advisor

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

2 reactions

a year

You are currently posting as works at Client One Securities

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".

2 reactions

a year

You are currently posting as works at Alliance Global Partners

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

2 reactions

a year

You are currently posting as works at Financial Advisor

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

1 reactions

a year

You are currently posting as works at Danny Wood

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

1 reactions

a year

You are currently posting as works at Wealth Manager

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!

2 reactions

a year

You are currently posting as works at Financial Advisor

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

3 reactions

a year

You are currently posting as works at Financial Advisor

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.

a year

You are currently posting as works at Pete Blackwell

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

1 reactions

a year

You are currently posting as works at Financial Planner

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

2 reactions

a year

You are currently posting as works at Gulf Coast Wealth Management

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

1 reactions

a year

You are currently posting as works at Financial Advisor

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.

1 reactions

You are currently posting as works at LPL Financial

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

1 reactions

You are currently posting as works at Waddell & Reed

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?

1 reactions

You are currently posting as works at LPL Financial

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

2 reactions

You are currently posting as works at Morgan Stanley

Anyone in metro DC looking to transition out?

1 reactions

You are currently posting as works at Representative

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

2 reactions

You are currently posting as works at Wells Fargo Advisors

Anyone in North East Ohio looking to phase out?

You are currently posting as works at Financial Consultant

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.

1 reactions

You are currently posting as works at Raymond James

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

You are currently posting as works at Wealth Manager

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

You are currently posting as works at Wholesaler

Anyone looking to sell a book in Central Mass?

You are currently posting as works at Alliance Global Partners

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.

1 reactions

You are currently posting as works at Financial Advisor

Looking for small book in Minneapolis and surrounding areas.

1 reactions

You are currently posting as works at Financial Advisor

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?

You are currently posting as works at Financial Advisor

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?

1 reactions

You are currently posting as works at President

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.

1 reactions

You are currently posting as works at Waddell & Reed

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

1 reactions

You are currently posting as works at Succession Resource Group

Are you with IFG and/or willing to move for the right opportunity? Check out one of our practices available for sale: https://www.successionresource.com/ca-1916/… more

2 reactions

You are currently posting as works at Investment Advisor Representative

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!

You are currently posting as works at Investment Advisor Representative

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.