Overview

My book of business is very simple. I work primarily on 401(k) retirement plans so the vast majority of my book is in Mutual Funds (mostly American Funds) with very little allocated towards Annuities. I manage over 1,000 accounts and 100% of my revenue generated is commission based.

I am looking to sell my 34 year old book and exit the industry as soon as possible. I prefer to sell to someone who is knowledgeable and active with 401(k) and other retirement plans (P/S, 457, IRA's, etc.). Note that I provide primarily personalized service to my clients. I do quarterly in person enrollments and reviews at my 401(k) companies. Most of my business is in Phoenix, AZ.

The potential upside for an RIA/IAR is huge. Most of my business, 92%, is in MFs at NAV so max comm on new deposits is 1% + .25% 12b1's less the B/D split. A 1% fee only advisor can quadruple the reported income. 8% of book is in VA's with trails at .25% but eventually increasing to 1%.

Many clients/employees are older and retiring. I have not actively pursued roll overs; only when asked. If you are licensed in insurance, and want to help retirees with retirement income, and offer your services to them, this is another huge income upside.

Market
Advisor/RIA
Member Level
Premier
Last Activity
this week

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