Blended fee across the book — sets your trailing-twelve production
Growth & Retention Metrics
%
Gross growth before client attrition — the retention rate below is applied on top
%
Applied to revenue every year on both paths — the book compounds at (1 + growth) × retention
%
Share of the book that follows you to the new firm. A retention cheque and firm support typically keep more of the book.
%
Share of the book that follows you to independence. Lift-outs typically keep somewhat less than a recruited move.
The Recruiting Package
A forgivable note is taxed as it vests; a bonus is taxed entirely in year 0
Period the note is forgiven over and the backend is paid across
$
Cash received at signing
Backend earnout equals the balance above the upfront, paid over the deal term. Recruiting packages are normally quoted against trailing-twelve production.
Compensation Structure
%
%
$
Retirement payout on the W-2 path. Set to “Not Offered” if taking this deal forfeits it.
Practice Valuation
Automatic blends a revenue multiple with an AUM-based value. Custom applies your own multiple straight to final-year revenue.
x
Practice equity = this multiple × final-year revenue. RIA practices commonly trade around 2x–3.5x revenue.
Tax & Planning Details
%
Projection Parameters
Choose a preset or enter any period up to 40 years
Business Overview
Cumulative After-Tax Position
Financial Comparison
Recruiting Package — W-2
Independent — RIA
Year-by-Year Comparison
Independent RIA Operating Expenses
Adjust Your Operating Expenses
Defaults are national averages as a percentage of revenue. Change any figure and recalculate.