$20MM AUM, $70K Gross Revenue. I business consists of very conservative and safe investing. My focus is on principal protected structured products. The majority of my book consists of managed single accounts. There's a small mixture of mutual funds and an even small mixture of annuities and REITs.
I'd ultimately like to retire in 3-5 years. However, I'd like to have a person/larger firm to come in and share office space with me. This advisor MUST be with LPL, and would eventually succeed me in the not too distant future.
The lease: monthly rent of $300.00, no security, no lease, in a professional building. A truly great deal and if the synergy is there we can write up a succession plan for the future.