Elite Consulting Partners, a financial services transition and business consulting firm, has acquired Advisor Successions LLC, a consulting firm specializing in acquisition and succession planning needs for financial advisors, registered representatives, and registered investment advisors.
Founded in 2012 and based in Port Jefferson, New York, Advisor Successions provides services in deal support and structuring, negotiations, purchase financing and lending options, valuation, and paperwork preparation. The boutique firm has three employees listed on LinkedIn, including founder and CEO Garrett Taylor.
Taylor also leads Coastline Wealth Management, an independent investment advisory firm with $1.5 billion in assets under management. Before founding Advisor Successions and Coastline, Taylor spent a decade at Ameriprise, where he was latterly a branch manager.
Elite Consulting Partners will merge Advisor Successions into its existing Elite Corporate Services division, which advises broker-dealers, hybrid firms, and registered investment advisors (RIAs) on internal advisor hiring. The new entity – Elite Advisor Successions – will help financial advisors grow and monetize their practices via acquisition, whether as buyers or sellers. The platform features a proprietary evaluation process to deliver optimal matching for acquisition and succession opportunities.
Taylor will join as chief acquisition officer.
Taylor added, “I am excited about the future as the company I have forged merges with one of financial services’ most esteemed innovators.”
Elite Consulting Partners supports financial advisors and corporate clients in their due diligence and transition process, including transitions to new roles within wirehouse, regional, independent, and RIA platforms. Elite also advises on revenue maximization, practice valuation, mergers and acquisitions, branding, and advisor recruitment.
Headquartered in Moorestown, NJ, the firm has 80 employees listed on LinkedIn. Elite has additional offices in Mount Laurel, NJ and Boca Raton, FL.