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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I’ve only known people who bought books from advisors retiring, none to join as a successor where the advisor was staying on for another 5 or so years.


structure the deal so you are not buying your clients. what i mean is: the RIA manages 120 mill and you have 50 mill under management with the RIA. you are only buying 70 mill. i walked away because the owner refused to acknowledge my clients were with the RIA because of me and i wasn't going to pay him for my clients


Chip away at ownership over those 5 years. Maybe allow the first 2 to pass, but don’t wait until year 5 to strike a deal.


Are you asking for advice on how to structure the succession, or generally how to vet a company and see if you’re a good fit?

More in general what questions would you have asked knowing what you do now.

Hey I'm in the current situation, just wanted to follow-up and see what's come of this... thx bud

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Additional Posts in Succession Planning: Buy/Sell Practice

Let’s hear from the sellers. Find the oldest person you know here and invite them!


Any RIAs in upstate NY looking to sell? We custody with Schwab and have been in business for 30 years.


Ability to purchase two additional books over the next nine months and we typical compensate five to six times earnings

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I have done 2 small acquisitions, paid them both off very quickly. I am now doing a larger one. What is recommended amount of time to pay off financing?


Looking to buy a book in Virginia. Let me know if any opportunities please.

18 year vet looking to acquire businesses in Denver area. Looking to exit? Let’s talk


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?

18 year vet, looking to merge and buy from retiring advisor in south denver area

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


We are looking to acquire an RIA business that is 100% fee-based. We clear/custody at Schwab, two-person team with 14 and 25 years of experience and we mostly use stocks, ETFs, occasionally a Mutual Fund for FI. We are looking in central California (Santa Barbara county) please message me back if you are interested or know of someone that is looking at retirement.


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


That's because everyone here IS buying and nobody is selling.


Purchased a book internally via sunset agreement doubledthe aum and asset base over 2 years, worked out great. Would like to do it again, located in Southern California. Could offer bonus plus sunset.


Thanks OP! I think the best way for us to start is to invite people we know what do you think?


Looking to aquiring additional assets and clients. Anywhere in Ohio, Greenville SC, gulf areas of Florida or Jacksonville FL Preference. Dually registration with NFS/ Fidelity custodian. Redtail CRM. MoneyGuide Pro and Riskalyze planning software.

14 years experience with 9 years solo. Would prefer to aquire to transition.


Buying someone else's book could be very problematic without the right guardrails in place.


Looking for a book in the Southeastern Ohio or Southwestern West Virginia area...happy to visit with anyone to discuss what they have available.

Looking to acquire book in Central & East coast Florida area


Welcome, all! Thanks for joining our amazing group for those advisors looking to cash in on their great book of business and those looking to take over their book.


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