60 % fee based and 40 % commission based. 1 % trail annuities and the rest is insurance and mutual funds.
The clients are in North Carolina and 1 client is in New York 1 in Mississippi one in Maryland one in Georgia and one in South Carolina.
The ideal terms - 20 % - 30 % down and finance the rest of the sale.
I am looking for similar or smaller sized firm to merge with and/or acquire to grow my practice. If a younger advisor to create a succession plan. Based on family longevity and personal health I realistically have another 20 years in this industry.