We are a $275 million, fee only, RIA located in central New Jersey. Our clients are primarily high net worth individuals and non-profit organizations. We do some retirement and estate planning using outside professionals. We manage client portfolios using several models including individual securities and ETF’s. We have done a good job of managing accounts for our clients’ children and grandchildren. We are very profitable.
As we are approaching retirement age, but still want to be semi-active, we are looking for the right firm or individuals who can continue to handle existing client relationships, manage the portfolios, and take the firm to a higher level of AUM. We can be very flexible in negotiating a transition package.
The prospective firm should have at least $50 million in AUM, have at least 5 years in the business, have portfolio management knowledge, and know how to market to HNW clients. The present owners will stay on to transition clients to the new management, and are available to continue on a part-time basis if needed.