$35MM AUM | $671,000 GDC in Seattle, WA

Market
Advisor/RIA
Member Level
Premier
Last Activity
6 months or more
Listing Age
310 days old
General
Location
Seattle, WA, US
Listing Type
Merge | Find Successor
Fee 0% Commission 100%
AUM
$35,000,000.00
Gross Revenue
$671,000.00
# of Accounts
113
Avg Client Age
54
Overview

Very profitable fee based scalable growth strategic investment management (proprietary but teachable). Ready to transition. Downtown high rise location. High client loyalty with steady stream of new leads. Currently one man shop with one full time and one part time assistant. Significant underutilized capacity for growth. There are too many leads for one person to handle. Composite all managed accounts have outperformed the S&P 500 since company inception in 2005 net of all fees and costs - not every year, but over the 14 year time period. Portfolios are custom built to the risk tolerances and objectives of the clients. There are currently 4 aggressive portfolios and 19 conservative with the rest moderate in the 110+ account composite. All accounts included in the composite including those which are terminated. Prior to opening his own shop owner was with wire houses where he also outperformed the market, but that is not a verifiable track record. Fees are higher than industry averages and in 14 years only one client every asked to reduce fees. An average of less then 1 prospect every five or so years balks at fees. Owner expects transition to take between 5 and 10 years depending on new partner.

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