$400MM AUM | $5MM GDC in La, CA

Market
RIA
Member Level
Basic
Last Activity
today
Listing Age
81 days old
General
Location
La, CA, US
Listing Type
Seller
Business Type
Registered Investment Advisor
Fee 0% Commission 100%
AUM
$400,000,000.00
Gross Revenue
$5,000,000.00
# of Accounts
1,000
Avg Client Age
57
Partial Book Sale
Yes
Overview

Hello, we are a Hybrid RIA based in the Tri-State East Coast area and have firm clients that we would like to assign (and maybe possibly sell) to a qualified adviser/partner that would be willing to join our RIA. The location of this practice is the LA area in which we already have an office and a full time assistant. This book consists of almost all revenue from trailing and fee based assets.

Total AUM is approx. $70M and produces $450k per year in GDC. With a little bit of work this can produce a lot more.

We are looking for a qualified adviser/advisers that would be interested in this opportunity. Adviser must have the following:

1. Must transition to our existing RIA (LPL Financial). A Transition package & bonuses can be made available for the right candidate.
2. Must have a clean U-4 and at minimum have series 66. Professional Designations are also preferred
3. Must be likable, hard working and pleasant to work with
4. Must have an existing book of business that can transition
5. Must have at least 5 year of industry experience

PLEASE, only inquire if you are a serious and are interested in growth, our RIA has a lot to offer.

Thank You

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