- Jurisdiction
- Pennsylvania
I have a registered investment advisory domiciled in PA and formed as a single-member LLC. I am retiring and want to sell it. I'm confused as to whether the buyer has to be a registered advisor (if an entity sale), whether that needs to be in PA or they can be in any state. Looking for an attorney with RIA sale/transfer experience in PA. No physical assets, just a virtual service business with soft assets like courseware I developed, workflows, lots of client/community goodwill, client/lead database. I don't manage investments (AUM), it's advice-only. Thanks in advance.