Business Description

This financial service company, established by a professional couple in 2008, has grown significantly over the past 16 years. Initially focused on commercial insurance, it has since expanded to include wealth management services, which now generate $1.1 million in annual revenue. The company prioritizes a strong work ethic, providing high-quality customer service to its 750 clients. As an independent fee-only Registered Investment Advisory service, the firm manages $98 million in client assets under management (AUM). With average fees ranging from 1% to 1.3%, the company achieved $966,000 in gross revenues in 2023, and is projected to increase revenue by $80,000 by the end of 2024. Revenue mainly consists of recurring fees collected from asset management, without the need for commission-based or new product sales. The company's financial planning and management division is staffed by three licensed professionals, requiring a potential buyer to hold RIA qualification and have passed the Series 65