JPTD consults on a $45.5m all-in-offer* for a $7m Hybrid RIA team
Our client is a branch manager who leads an office of more than 10 advisors with support staff. They are a hybrid RIA with 80% of its revenue being fee-based and 20% being from old insurance and annuity contracts. This was not an ensemble practice but a super OSJ meaning the advisors own their own practices. The branch manager had responsibility for compliance, operations, and recruiting. The group as a whole was growing at a rate of 10%+ CAGR over the past 3 years.
The client's main goals are:
- Get the support necessary to grow both organically and inorganically.
- Take some chips off the table and monetize their practice.
- All advisors except one plan on working between 10-20 years.
- They will have one advisor who plans on retiring within 4 years.