RIA Acquisition

by a searcher from Michigan State University - The Eli Broad College of Business

2 weeks ago

Hey Searchfund Community!

Curious if anyone has any insight, experience, commentary, etc., on acquiring an independent registered investment advisory firm? Anything would be helpful but I’d love to know: How you sourced the deal? What was the deal structure? What was the valuation/multiple paid? What was your transition and client retention strategy? 

Please don’t hesitate to share any open thoughts, ideas, or questions of your own. Thanks

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admin from Massachusetts Institute of Technology - MIT Sloan School of Management

^Searchfunder member‌ have previously commented on RIAs and might be able to provide additional insights for you here.

If anyone else has questions on RIAs, or related topics, please post them and I'll do my best to get them answered for you.

2 weeks ago | like reply | 0 likes

searcher from University of Virginia-Darden - Darden School of Business

Yeah, you should be prepared to pay 10-15x for an RIA. Incredibly expensive. You need to have a clear model to grow. Under a billion of AuM is sub-scale, so you have to be able to build it quickly.

2 weeks ago | like reply | 0 likes

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