Independent Sponsor Equity Rollover in Wealth Advisors & RIAs
When the deal is wealth advisors and RIAs and the question is Equity Rollover, the structure decisions in the first 30 days outlast the next five years. This is where Jason Powell works.
The economics on a wealth advisors and RIAs platform deal usually hinge on a handful of structural decisions. Equity Rollover is one of them.
The typical wealth advisors and RIAs platform sits at $10M to $180M EV with EBITDA in the $3M to $25M range. The thesis runs on RIA aggregation or wealth platform roll-up. Client consent process is the longest pole. Start it the day after the LOI signs.
How Equity Rollover actually gets structured.
Anchor on 15 to 25 percent rollover for a clean alignment story.
Treat rollover as tax-deferred under Section 351 or 721 where the structure allows.
Document tag-along and drag-along rights at the rollover level, not just at the LP level.
Cap exit veto rights for rolled equity to avoid future deadlock.
In wealth advisors and RIAs, layer in negative consent process timed with regulators as part of the Equity Rollover workstream.
Rolling at the wrong entity level, triggering an immediate tax event on what was supposed to be deferred.
"Rollover is the cheapest alignment tool on the table. Use it; do not abuse it."Jason Powell · Equity Rollover
The deal is one thing. The capital that opens up after close is another.
After close, the call list for refinancing, recapitalization, and growth equity gets short and known. Jason carries that list.
Related deal pages.
LOI Negotiation for Wealth Advisors & RIAs
The 4 to 8 page agreement that frames the deal economics, exclusivity, and diligence period.
Independent Sponsor Economics for Wealth Advisors & RIAs
The package of deal-by-deal carry, management fees, and transaction fees that compensates the independent spo…
Management Fee Structuring for Wealth Advisors & RIAs
The annual fee paid by the deal entity to the independent sponsor for ongoing oversight, board service, and p…
Earnout Structures for Wealth Advisors & RIAs
Deferred purchase price contingent on post-close performance, used to bridge buyer-seller valuation gaps.
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Bring the wealth advisors and RIAs deal. Get Equity Rollover done right.
Direct counsel from a securities and M&A attorney with billions in structured transactions, the independent-sponsor-native playbook, and the capital markets network that opens up post-close.