Seller | AZ – AZAB

Practice Overview
After a career in finance at several recognizable corporations, the seller transitioned to wealth management and founded his own RIA. He is now ready to retire. Two mid-career lead advisors have relationships with all clients and work alongside the founder. The lead advisors are CFPs and are interested in continuing to work with current clients and grow the business with the buyer. The ideal buyer is a fee-only RIA that leads with financial planning, advises on tax strategies, and manages investments in-house.

Service Model
Located in central Kentucky, two-thirds of the firm’s clients live within driving distance. Over the past year, a significant portion of clients have shown a preference for remote service. The average household AUM is $1.3MM, with the top third of households ranging between $1MM-$6MM AUM. New clients are taken through a simple and straightforward financial planning process. Each client is required to engage in quarterly reviews with preplanned agendas covering topics such as updating estate plans, asset allocation, strategic tax planning, etc. As a result, clients have a firm understanding of their asset allocation decisions and value a long-term approach to building and protecting wealth. The firm also prepares client tax returns and provides tax consulting.

Investment Philosophy
Each client receives a customized portfolio managed in-house and designed to accommodate their personal level of risk tolerance. Four basic models, each comprised of eight mutual funds or ETFs, are allocated according to the client’s goals and rebalanced quarterly. The seller is open to other reasonable investment philosophies and will prioritize fee-only buyers who manage investments in-house.