Anyone here had success in purchasing a book? If so, would love to hear about transaction and how it went.

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I purchased one of 60 million in may of 2014 for 440k , internal purchase

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I've purchased several. Happy to discuss.

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Vice President 1: what were the gross fees off 60mm?

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Home office in Wilmington, Delaware. Branches throughout the US.

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That's a good question, I don't remember at the moment but a good chunk of the practice was A shares that we converted to managed funds

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@coastal equities, where are you located?

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Mutual funds you have your eye on right now?

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Are you able to withdraw funds out of your anchor and mirror ?

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Additional Posts in Succession Planning: Buy/Sell Practice

Wells - curious. Where are you and are you buyer/seller? I'm guessing buyer and all the stats I read are completely in our favor, yet I feel like books of business should be going for sale every day and I struggle to find any good sellers?

Anyone in metro DC looking to transition out?

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Think about this for a minute... why would you sell a book? Because you didn't want it anymore or it was beyond its useful life, kinda like an old car... it's old, rusty and needs more maintainence than it provides useful transportation, it's in the repair shop more often... everytime it goes in you find something else wrong with it? Plus, the prices the buyers are willing to pay are outrageous, by the time you get it paid off it's in the junk yard. No easy solution to building a sustainable business except hard, persistent work. Control Your Future, Go Indie RIA!

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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!

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Any bank reps have experience buying their book from the bank?

funnyhelpful

Shot in the dark…Any independent/hybrid advisors seeking a female successor?

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Looking for practices in Oklahoma and Arkansas to possibly purchase.

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Anyone looking to sell (Military Veteran-Heavy) book?
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Interested in selling my book of business and exit the industry for personal and family reasons. Approx 16 ml in AUM and $100k GR. Located in Memphis, TN.

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Looking to buy a book of business or partial book in Ohio. Will consider all sizes, even small. Please contact me at 513-317-2265 to discuss. I'm licensed in OH, IN, KY, and NY.

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Anything for sale anywhere in the continental US let me know.

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How do you find firms/books of business to buy? All the posts on here are buyers looking for sellers. Where do you go to find someone looking to sell or retire?

Looking to buy a practice in the St. Louis, MO area if an advisor is ready to consider retirement, could transition over 1-3 years as desired.

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Has anyone hired a consultant to find them a practice to purchase? I'm not asking about the big players like KMG or Succession link.... I'm asking if you've worked with an individual contracted consultant... If so, wondering how the experience went.

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Looking to acquire Practices in the greater Providence, RI area. Message me for a discussion. Deals are 95% cap gains and not ordinary income.

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