RIA Investment Banking
Get Pre-Approved(Within 48 hours) RIA Market Value Estimator
SkyView focuses exclusively on providing small to mid-market independent and registered investment advisors (RIA) access to our tenured investment banking team to address your M&A initiatives.
From initial strategic planning through the successful closing and funding of your transaction, our investment banking team has industry-specific expertise to guide your M&A transaction to close.
SkyView’s Investment Banking Team focuses on representing business owners who desire a variety of transactions – including selling all or a portion of their wealth management practice. Our Team understands the financial and non-financial factors that are important to investment advisors contemplating the sale of their practice and will customize a transaction for each advisor’s needs.
Choose Your Legacy
Who do you want to sell your wealth management practice to and how do you want to sell it?
Advisors can source prospective buyers from within their current practice with an internal sale or from a buyer outside their organization. There are pros and cons to each sale type:
External Sale
Sale to an advisor outside of your practice
Pros
- Can collateralize two practices for financing
- External buyers may have higher personal net worth
Cons
- Potential different service model & investment philosophy
- No pre-existing relationship with client base
Merge In®
Combines a sale to an external buyer and a junior partner
Pros
- Liquidity event for seller with bank financing at attractive multiples
- Internal advisor to maintain continuity of service model and investment philosophy
- External advisor with tenured experience to co-manage firm
Cons
- Higher level of coordination required for buyers and seller
- Junior partner does not retain complete ownership at complete-sale
Internal Sale
Sale to an advisor within your practice
Pros
- Continuity of service model & investment philosophy
- Pre-existing relationship with client base
Cons
- Junior buyers may not have enough financial strength
- Financing contingent on collateralizing one practice only
In addition to flexibility around selling to an advisor inside or outside the practice, today's financial advisors have multiple sale structure options, including the following:
Complete Sale
- Full sale of practice
- Cash at close
- Planned transition over 12-24 months
Partial Sale
- Sell in planned increments over a scheduled period of time
- Liquidity event
Sell & Consult
- Full sale but seller remains engaged for an agreed-upon period of time
- Established post-sale role for the seller
Move to Acquire
- Buyer transitions to the seller's broker dealer/custodian
- Operations continue under the seller's brand
Regardless of what retirement glidepath you elect, our Investment Banking Team will help identify the right buyer, construct an appropriate deal structure, and secure financing to ensure the legacy of your practice.
SCHEDULE A CONSULTATIONBe sure to visit our FAQs page for more information on our investment banking services.