50 % fee based business with financial advisory accounts, third party money managers, and financial and legacy planning. 50 % commission with mutual funds, c shares with 1 % trailers, some variable annuities, individual equities and 5 % alternatives publically traded REIT's.
The bulk of the client base is in Montana. The rest of the client base is located in 5 different states.
The ideal advisor to purchase the practice would to have a Series 65 or series 66.
The purchase terms have to be 30 % down and the balance can be paid over three years.
The time frame for succession is 5 years.