Recurring Revenue Wealth Management Book 98M AUM 1292

This profitable financial service company is owned solely by a professional couple. Growing from modest beginnings in 2008, the Company started as a commercial insurance office. The wealth management business launched as the customer base grew and new needs were discovered. This division – a separate entity – now creates $1,100,000 in gross revenue and serves more than 750 clients. Establishing a strong work ethic incorporating urgency and compassion, with the highest level of customer service has resulted in 16 years of growth and a turn-key profitable book of business. The financial planning and management corporation is an independent fee-only Registered Investment Advisory service. The firm manages $98M in client AUM. The average client pays AUM fees of 1% to 1.3%. The Company represents 750 clients and created gross revenues of $966,000 in 2023. With new clients onboarded this year, the Seller expects revenue to increase by 80K by the end of###-###-#### % of revenue are re-occurring fees collected from asset management. No commission or new product sales are required to continue earning revenue. Three people are licensed to conduct financial advisory and management services. A buyer must have RIA qualification and have passed the Series 65 (Uniform Investment Advisor Law) exam. NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: The Company is headquartered in a professional commercial complex. Two years are remaining on the lease.The monthly rent is $9,000. Competition: There are many big players in this field, but the customer base prefers to keep their money close and with those they have a local connection with. Growth & Expansion: Cross-sales of existing clients could be highly rewarding. Additional advertising or launching social media could also be beneficial. Financing: Only if the deal structure is right for a highly qualified Buyer. Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed.He will consider an ongoing paid position as a consultant, executive, or as negotiated. Reason for Selling: The Sellers are looking to spend more time focused on family.