RECENT VALUATIONS & OFFERS

Real offers received by advisors. Offers vary depending on structure, timeline, profitability and growth.

Updated October 2026

Channel:

Model:

W-2 TEAMS

W‑2 MINORITY + MONETIZATION

Minority

Deal Structure: Transition to 1099 / 20% Minority Stake / Year-4 Monetization / 6-Year Exit

Practice Revenue:$2.4M

AUM:$350M

Upfront Cash/Equity:$1.8M

Growth Bonuses:$1.0M

Monetization (Year 4):$19.2M

Exit Payment (Year 6):$3.9M

Initial Minority Value:$1.8M

Projected All-In Value:$25.9M

Multiple:10.8x Revenue

W‑2 4‑YEAR EXIT

Short Exit

Deal Structure: Full Acquisition / 4-Year Exit, Equity Held to Year 10 (70% Cash / 30% Equity)

Practice Revenue:$3.0M

AUM:$540M

Upfront Cash/Equity:$9.6M

Earnout Cash/Equity:$4.1M

Growth Bonuses:$3.7M

Exit Payment:$277K

Initial Deal Value:$17.7M

Projected All-In Value:$31.9M

Multiple:10.6x Revenue

W‑2 FULL ACQUISITION

Full Acquisition

Deal Structure: Full Acquisition / 8-Year Exit

Practice Revenue:$5.3M

AUM:$736M

Upfront Cash/Equity:$21.5M

Earnout Cash/Equity:$9.2M

Growth Bonuses:$14.7M

Exit Payment (Year 9–10):$2.4M

Initial Deal Value:$47.8M

Projected All-In Value:$73.6M

Multiple:13.9x Revenue

W‑2 SELL & STAY

Sell & Stay

Deal Structure: Full Acquisition / 10-Year Partnership

Practice Revenue:$12.8M

AUM:$3.2B

Upfront Cash/Equity:$47.5M

Earnout Cash/Equity:$20.4M

Growth Bonuses:$17.7M

Exit Payment:$13.4M

Initial Deal Value:$99.0M

Projected All-In Value:$173.4M

Multiple:13.5x Revenue

INDEPENDENT ADVISORS

INDEPENDENT 3‑YEAR EXIT

Short Exit

Deal Structure: Full Acquisition / 3-Year Exit (80% Cash / 20% Equity)

Practice Revenue:$1.16M

AUM:$121M

Upfront Cash/Equity:$2.9M

Earnout Cash/Equity:$1.2M

Growth Bonuses:$928K

Exit Payment:$324K

Initial Deal Value:$5.4M

Projected All-In Value:$8.2M

Multiple:7.0x Revenue

INDEPENDENT MINORITY PARTNERSHIP

Minority

Deal Structure: Minority Investment / 4-Year Partnership

Practice Revenue:$1.25M

AUM:$108M

Upfront Cash/Equity:$3.2M

Earnout Cash/Equity:$1.4M

Growth Bonuses:$2.0M

Exit Payment:$600K

Initial Deal Value:$7.1M

Projected All-In Value:$13.2M

Multiple:10.6x Revenue

INDEPENDENT ACQUISITION

Full Acquisition

Deal Structure: Purchase Paid Over 4 Years (70% Cash / 30% Equity)

Practice Revenue:$1.56M

AUM:$233M

Upfront Cash/Equity:$4.4M

Earnout Cash/Equity:$1.9M

Growth Bonuses:$1.7M

Exit Payment:$702K

Initial Deal Value:$8.7M

Projected All-In Value:$12.1M

Multiple:7.7x Revenue

INDEPENDENT MINORITY + MONETIZATION

Minority

Deal Structure: 20% Minority Stake / Year-4 Monetization / 10-Year Exit

Practice Revenue:$2.0M

Upfront Cash/Equity:$1.5M

Growth Bonuses:$870K

Monetization (Year 4, 40% sold):$17.6M

Exit Payment (Year 10):$4.1M

Initial Minority Value:$1.5M

Projected All-In Value:$24.1M

Multiple:12.0x Revenue

INDEPENDENT FULL ACQUISITION

Full Acquisition

Deal Structure: Full Acquisition / 10-Year Partnership, 4-Advisor Team (70% Cash / 30% Equity)

Practice Revenue:$6.0M

AUM:$1.75B

Upfront Cash/Equity:$20.2M

Earnout Cash/Equity:$8.6M

Growth Bonuses:$7.9M

Exit Payment:$2.7M

Initial Deal Value:$39.5M

Projected All-In Value:$57.8M

Multiple:9.6x Revenue

INDEPENDENT SELL & STAY

Sell & Stay

Deal Structure: Full Acquisition / Long-Term Partnership (Modeled at 10 Years)

Practice Revenue:$8.0M

AUM:$1.5B

Upfront Cash/Equity:$28.6M

Earnout Cash/Equity:$12.2M

Growth Bonuses:$10.9M

Exit Payment:$8.4M

Initial Deal Value:$60.1M

Projected All-In Value:$105.0M

Multiple:13.1x Revenue

RIAS

RIA 3‑YEAR EXIT

Short Exit

Deal Structure: Full Acquisition / 3-Year Exit (90% Cash / 10% Equity)

Practice Revenue:$400K

AUM:$40M

Upfront Cash/Equity:$700K

Earnout Cash/Equity:$300K

Growth Bonuses:$240K

Exit Payment:$112K

Initial Deal Value:$1.35M

Projected All-In Value:$1.67M

Multiple:4.2x Revenue

RIA MINORITY + MONETIZATION

Minority

Deal Structure: 20% Minority Stake / Year-4 Monetization / 10-Year Exit

Practice Revenue:$1.47M

AUM:$230M

Upfront Cash/Equity:$1.0M

Growth Bonuses:$408K

Monetization (Year 4, 40% sold):$12.9M

Exit Payment (Year 10):$3.0M

Initial Minority Value:$1.0M

Projected All-In Value:$17.5M

Multiple:11.9x Revenue

RIA 3‑YEAR EXIT

Short Exit

Deal Structure: Full Acquisition / 3-Year Exit (80% Cash / 20% Equity)

Practice Revenue:$1.5M

AUM:$95M

Upfront Cash/Equity:$2.1M

Earnout Cash/Equity:$900K

Growth Bonuses:$675K

Exit Payment:$419K

Initial Deal Value:$4.1M

Projected All-In Value:$6.1M

Multiple:4.1x Revenue

RIA SELL & STAY

Sell & Stay

Deal Structure: Full Acquisition / 10-Year Partnership

Practice Revenue:$2.4M

AUM:$400M

Upfront Cash/Equity:$7.2M

Earnout Cash/Equity:$3.1M

Growth Bonuses:$2.8M

Exit Payment:$1.1M

Initial Deal Value:$14.3M

Projected All-In Value:$23.6M

Multiple:9.8x Revenue

RIA FULL ACQUISITION

Full Acquisition

Deal Structure: Full Acquisition / Exit

Practice Revenue:$3.25M

AUM:$395M

Upfront Cash/Equity:$13.5M

Earnout Cash/Equity:$5.8M

Initial Deal Value:$19.3M

Projected All-In Value:$19.3M

Multiple:5.9x Revenue

Representative offers; illustrative only. Projected all-in values assume 10% annual revenue growth and include future payments and estimated equity value, which will vary. Multiples reflect projected all-in value ÷ current revenue. Terms vary by firm.

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