Skip to content
Friday, October 23, 2026 · Today’s edition, 6:30 a.m. ETFri, Oct 23 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in

InvestmentNews columnist splits RIA sale reasons into founder readiness or capped growth

The first-person column says most RIAs have an intention problem rather than a growth problem, and the writer's firm is exploring a first acquisition.

At a glance

  1. The founder is ready to think about a next chapter, the columnist writes, or the firm quietly capped out after years of growth that outran its infrastructure.
  2. The columnist writes from the second bucket: a version of that wall hit in 2022, when the firm grew faster than its systems and people could absorb.
  3. The columnist's firm has started exploring what a first acquisition might look like.

An InvestmentNews opinion column published Oct. 13 splits RIA owners' reasons for selling into founder readiness or a firm that capped out. The founder is ready to think about a next chapter, the columnist writes, or the firm quietly capped out after years of growth that outran its infrastructure. The column's framing is that most RIAs have an intention problem rather than a growth problem.

The columnist writes from the second bucket: a version of that wall hit in 2022, when the firm grew faster than its systems and people could absorb. The conclusion is that growth without intention eventually becomes exposure, not growth.

The columnist's firm has started exploring what a first acquisition might look like. Owner conversations held while doing so produced the two-category split.

The structural test

A firm whose owner has personally profited can still be a practice tied to one person's hours rather than an enterprise. What separates the two, the column argues, is whether growth sustains itself once it starts or depends on the founder never slowing down.

The same test applies to ambition: a lifestyle practice with strong, dependable cash flow is a legitimate business, but its owner should not expect double-digit organic growth from it.

Read as a self-assessment prompt rather than a market map, the two-bucket split rests on owner conversations, not a dataset. A founder weighing a sale can ask which bucket the firm would land in, and how much of that answer rests on the founder continuing to show up.

Reported by the Practice management desk from InvestmentNews. Published . Corrections

Related

Advisors

Banker, not broker, needed to model PE rollover and earnouts

InvestmentNews column says the adviser a founder hires determines whether earnout and rollover terms get modeled before signing.

Advisors

Devon Klumb tells advisors to expect AI questions before meetings

A 2026 Betterment Advisor Solutions survey of 1,001 U.S. advised investors found 75% use AI for financial tasks and 3% would consider replacing their advisor with an AI-powered alternative.

Advisors

Taxable assets reach $66 trillion, nearly double retirement savings, H&W finds

The report counts 133.4 million U.S. households holding $102.4 trillion in investable assets, with the allocation decision most contested among households with $100,000 to under $3 million.

Advisors

SEI, FinTurk, Powerlytics add tools for valuation, email, heirs

SEI's portal screens partners anonymously; FinTurk AI email needs advisor approval; Powerlytics maps clients' relatives.

Advisors

49 Financial designed tax-led fractional family office

The Austin hybrid RIA puts CPA-led planning and estate and insurance coordination behind the client's advisor, founder Travis Penfield says.

Wealth Advisor Dailyfrom Private Wealth Daily

Practice management, recruiting, RIA M&A and the platforms advisors run on. Weekdays at 6:45 a.m. ET.

Free. Weekday mornings. Unsubscribe from any edition in one click.

From other sections

InvestmentNews columnist splits RIA sale reasons into founder readiness or capped growth — Private Wealth Daily