98 % fee based, 2 % commission based, there are no third party managers and in house research.
Custom portfolios, equities bonds and all major mutual fund families. Own a Broker Dealer.
Ideal buyer has cash upfront, there are two junior members on his team they will generate 3 million all together.
This is a team of three advisors, financing is acceptable for the buyer. Last year sold 30 million in AUM to junior team members,
5 years away from succession, still growing the book, there is a goal of 300 million in AUM.
The bulk of the client base is in the Pittzburgh tristates area but the group has clients in remaining states Florida new York Ca new mexico and South Carolina.