Has anyone looked into acquiring a wealth manager / RIA and wants to chat?

by a searcher from Stanford University - Graduate School of Business

Mar 07,2023

I've been spending time looking into starting a search focusing on financial services and was hoping to trade notes with someone who has spent time looking at businesses in the space. Have done a bunch of interviews and spoke to one banker, but seems like its not an industry people usually search in and would love to get some perspectives

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searcher from Georgetown University

Ben - I think it's an interesting idea. Complex due to the licensing and importance of relationships but it's an exciting industry and fee based revenue is attractive. Advisors in general are getting older and could be looking into succession planning.

I used to work in Investment Management - happy to brainstorm some more with you!

03/09/2023 | like reply | 0 likes

professional from Villanova University - Villanova School of Business

Licensed business have more complexity on the legal side in terms of ownership and transfer of ownership, as well as key man employee concerns to retain talent. Those are a few reasons why it may be less sought after. If you'd like to discuss the legal aspects of such a deal, I'd be happy to discuss it further.

03/09/2023 | like reply | 0 likes

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