A financial advisory firm in Morris is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Joliet — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide financial advisory firms playbook is on the industry hub; this page is the Morris file. Confidential sale. No upfront listing fee.
Confidential • No upfront fees • Illinois statewide
Morris market
Selling a financial advisory firm in Morris
A financial advisory firm in Morris is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Joliet — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide financial advisory firms playbook is on the industry hub; this page is the Morris file.
Morris is Grundy County’s seat on the Illinois River and I-80 — a river downtown, energy-adjacent industry, and a small-city commercial core that Minooka does not have.
Industrial and energy-adjacent sites may need environmental Phase I earlier than a Main Street file. Downtown river retail is a different buyer. Will County strategics and owner-operators show up. This is a county seat with a river and an interstate, not a Joliet suburb wearing a different name.
Morris has about 14,045 residents in Grundy County, inside the Morris area. Nearby markets buyers already compare this book to include Joliet, Minooka, Streator, Ottawa. That comparison changes who shows up: a buyer who will drive from Joliet is not the same buyer who will fly in from a coastal platform.
Planning facts
Typical multiple
2x–3x Annual Revenue
Typical timeline
9–18 months
SBA eligible
Often — confirm
County
Grundy County
Population
14,045
Metro
Morris
Nearby comps
Joliet, Minooka, Streator, Ottawa
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
DuPage, Lake, Kane, Will, McHenry, Kendall, and neighboring collar shops sell on household density and the I-88, I-90, I-94, and I-55 corridors.
There is no Chicago 45-day city notice unless the business also operates in Chicago. Buyers still compare this suburb to the next one on the same highway.
Morris demand for financial advisory firms is the customer list and the license path — not the Census population figure. About 14,045 residents is context for who already lives in the trade area. It is not a sale price.
Financial Advisory Firm in Morris
What a Morris buyer will underwrite on this financial advisory firm
A financial advisory firm in Morris is retention and re-papered appointments or a signing credential — not a contest year. Households and commercial accounts already compare Morris to Joliet, Minooka, Streator. Confidential outreach matters; employees commute and talk.
Financial Advisory Firms statewide typically plan around 2x–3x Annual Revenue and a 9–18 months process when books and the lease are ready. That is a planning range, not a price for this Morris shop. Buyers here usually argue aum size, client retention, revenue per client, fee structure (recurring vs transactional).
Closing clock for this Morris file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: SEC or state IARD registrations, Series licenses, and Illinois securities notice filings sit on people and on the RIA — they do not ride with a customer list. The industry hub teaches the statewide rule. This URL is the Morris application of it.
Morris is a regional market. The first serious call is often an owner-operator from Joliet, Minooka, Streator, not a platform that needs $2 million of earnings to pay for diligence. SBA 7(a) and seller financing usually matter more here than a headline multiple.
Buyer pool
Who buys a financial advisory firm in Morris
Owner-operators and Will County strategics. Logistics overflow from I-80. PE is uncommon.
Illustration: an independent RIA book in Oak Brook with $90 million in fee-based AUM, two service advisors, and a founding advisor who still owns the largest 15 households. Not a closed sale.
A financial advisory firm whose customers already sit in Joliet, Minooka, Streator, Ottawa is a larger business than one that stops at the Morris city limit. Tell the truth about the route. Buyers will map it.
SDE recast
How a buyer will read the books on this Morris financial advisory firm
RIA and advisory buyers often quote 2x–3x recurring revenue or an AUM conversation; this business uses 3x–5.5x SDE as a Main Street planning band. Recast fee-based AUM after a market-rate advisor if the seller still owns every household. Pull transaction and trail spikes, and any held-away assets the seller cannot assign. Household retention is the diligence, not the AUM slide.
Illustration only — not a quote for any Morris shop. A financial advisory firm whose tax return shows $205,000 of net profit is not worth $205,000 × a rumor multiple.
Add back the owner’s $144,000 W-2 and payroll tax, $14,000 of discretionary benefits, $16,500 of accepted one-time cost, and $6,000 of personal expenses that a buyer will not run. Then subtract $0 of replacement labor if the owner still diagnoses, sells, or closes the books.
Adjusted seller’s discretionary earnings are $385,000. At the planning range 3.0x–5.5x, enterprise value is $1,155,000 to $2,117,500. Mid-range 4.25x is $1,636,250 before debt, working capital, holdback, and tax. A Morris buyer will argue the multiple after they ride with the staff and read the lease.
At 4.25 times $385,000 of seller’s discretionary earnings, enterprise value is $1,636,250 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.
SDE line items
Reported net profit (tax return, not the marketing P&L)
+ Interest expense
+ Income taxes (not payroll, sales, or property tax)
+ Depreciation and amortization
+ Owner W-2, bonuses, and payroll taxes on the owner
+ Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
+ Accepted one-time or non-recurring expenses
− Market-rate replacement labor for owner work that will not transfer
= Seller’s Discretionary Earnings (SDE)
Illustration recast for a Morris financial advisory firm — not a quote
Net profit
$205,000
Owner W-2
$144,000
Benefits
$14,000
One-time
$16,500
Personal
$6,000
Replacement labor (subtract)
−$0
Recast SDE
$385,000
Planning EV at 4.25x
$1,636,250
Recast Seller’s Discretionary Earnings, then apply a planning multiple for financial advisory firms.
Replacement labor is subtracted. This is a planning tool, not an appraisal.
Recast SDE—
Planning enterprise value—
Before debt, working-capital peg, holdback, and tax. Educational only.
Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.
$
1x3.0x8x
Estimated Value Range—to—
This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.
Grundy (Morris, Minooka) uses state CBS-1 and municipal licenses. Industrial and energy-adjacent sites may need environmental Phase I earlier than a typical Main Street file.
SEC or state IARD registrations, Series licenses, and Illinois securities notice filings sit on people and on the RIA — they do not ride with a customer list. Broker-dealer affiliation changes can force re-papering of every household. A buyer without the right registration cannot legally service the book they just paid for. Custody and ADV amendments are closing-path items.
Labor and lease
What has to keep working on Monday after close in Morris
For a financial advisory firm in Morris, the first labor question is: Fee-based recurring revenue and household retention.
Morris is a river and interstate town; Minooka is a Will-adjacent bedroom. Labor often commutes to Joliet industrial parks.
Energy, logistics, and residential spillover from Will County. Thin professional-services buyer pool.
Diligence
What a serious financial advisory firm buyer will open
Levers that move the multiple in this vertical: Fee-based recurring revenue and household retention; A staying advisor the largest households already know; A registration path the buyer can finish; Low client-age and concentration risk; Clean compliance and complaint file.
Have these ready before anyone hears the name of the Morris business: AUM, household count, and percent of revenue that is fee-based recurring; Client age, concentration, and next-generation relationships; ADV, IARD, and broker-dealer or RIA path for the buyer; Advisor contracts and who the households will actually follow; Compliance file, complaints, and custody arrangements; Held-away or insurance-product trails that will not assign.
Buyer tool
SBA payment sketch for a Morris financial advisory firm buyer
Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.
SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.
$
%
%
yrs
Down Payment Required—
Loan Amount—
Est. Monthly Payment—
This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.
Sale steps
How to prepare a Morris financial advisory firm for sale
Recast this Morris financial advisory firm. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Morris buyer must hire. Do not treat a spike year as the new normal.
Name who can operate on Monday. List every credential that lets this financial advisory firm pull a permit or see a patient in Morris, and whether that person stays. Personal licenses do not transfer with the assets.
Tell the truth about the Morris trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Morris limit.
Open the lease and the labor file. Remaining term and assignment in Grundy County. Whether the crew can run without the seller living eight minutes away.
Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
Read the statewide playbook, then talk. The Illinois financial advisory firms hub is the statute and recast teaching. This page is the Morris file. Confidential consult — no upfront listing fee.
Questions about financial advisory firms in Morris
Answers for owners and buyers in Grundy County, including local closing steps.
Illinois financial advisory firms (RIAs) typically sell for 2x–3x annual revenue. AUM size, client retention history, and the fee structure (recurring vs. transactional) are the primary value drivers.
RIA aggregators (Mercer, Focus Financial, CI Financial), national wirehouse recruits, independent broker-dealers, and larger local advisory firms are the most active acquirers. The RIA consolidation market has been very active.
Client transition is the central concern in every advisory firm sale. We structure earnouts, transition periods, and joint client meetings to maximize client retention through the handover. Most buyers expect 85–90%+ client retention to close the deal.
Clients cannot be transferred without their consent. The transition process involves direct communication with clients by both the selling and acquiring advisor. A well-managed transition with appropriate personal introductions typically achieves strong retention.
ADV amendments, state filing requirements, and client consent procedures are all part of the RIA sale process. We work with your compliance counsel to ensure all regulatory obligations are met.
Most Morris asset sales file Illinois Form CBS-1 at least 10 business days before closing. Grundy County does not use Chicago’s 45-day city notice unless the business also operates there. Municipal licenses and the lease still need their own calendar.
Buyers in Morris are often SBA owner-operators and neighboring operators along the same corridor. Larger recurring books can draw a platform. They will compare this suburb to the next town in Grundy County.
No. The planning multiple for financial advisory firms is a statewide starting point, not a Morris appraisal. Buyers in Grundy County still adjust seller’s discretionary earnings, then argue the lease, licenses, labor, and owner dependency.
Service Area
Financial Advisory Firm Brokerage Near Morris
We serve financial advisory firms owners and buyers across Grundy County and the surrounding region.