Exit · Wealth Advisors & RIAs

Exit Preparation for Wealth Advisors & RIAs Independent Sponsors

Preparing Exit Preparation on wealth advisors and RIAs deals, with the structure protection and capital connectivity an independent sponsor actually needs.

EV range $10M to $180M EV EBITDA $3M to $25M Audience Independent Sponsor
The deal context

Every wealth advisors and RIAs acquisition has its own gravity. Exit Preparation is the workstream where independent sponsor counsel earns the seat.

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.

The moves

How Exit Preparation actually gets structured.

  1. Clean the cap table 18 months before the planned exit window.

  2. Refresh the IP, employment, and customer contract files for diligence readiness.

  3. Build a quality-of-earnings ready financial package well before bankers come in.

  4. Coordinate sponsor exit economics with the LP waterfall and any rolled-equity holders.

  5. In wealth advisors and RIAs, layer in negative consent process timed with regulators as part of the Exit Preparation workstream.

The common mistake

Starting exit prep when the banker calls. By then, every fix costs price.

Jason's take
"Exit prep is what separates a 6x outcome from an 8x outcome. The work starts before the banker."
Jason Powell · Exit Preparation
Capital after close

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.

MONTH 18
Senior refi
MONTH 24
Dividend recap
MONTH 36
Growth equity
YEAR 4–5
Strategic exit
ENGAGE THE PRACTICE

Exit Preparation for Wealth Advisors & RIAs, on independent sponsor terms.

Independent sponsor counsel that already speaks fluent deal-by-deal economics, structures clean LPAs, and travels with capital markets relationships for what comes after close.