Please Note: I am looking for an advisor ot set up a succession plan with that is with Cetera Advisor Network only. 28 years of experience. There are $40,000,000 AUM. The trailing gross revenue was $70,000. 100% commission-based revenue. There are 480 individual accounts and 300 households. The clientele are primarily based in Ohio and also Indiana and Nothern Kentucky. The practice mix is 100% mutual funds.
Would consider a deal by the end of 2018 if given the right offer. This is a 1 advisor practice and the seller has a face-to-face relationship with the clients. Seller desires to find a mom and pop type buyer, NOT a large firm. Ideal buyer would be based in Ohio. Deal terms would be 1 payment upon signing with the advisor dropping down to a part-time schedule for 1 year with the final payment at that point. SERIES 65 NEEDED FOR NEW UPCOMING DOL RULE.