Predominately fee based, 42 Million in AUM on 200 clients.
Financial planning, and investment management on a discretionary basis.
This is a fee based RIA with no Broker/Dealer affiliation.
Designing equity and fixed income portfolios for the clients.
The bulk of the client base is in Maryland, and some clients are in South Carolina and Florida.
The time horizon for succession is 5 years, and would consider signing a business continuity arrangement with the advisor who wants to purchase the practice.
The buyer could pay for the firm over three years.