KOVRENT
Our approach / Our model

One model. Acquire, hold, grow.

We buy the whole firm, hold it with capital that has no fund clock, and take the back office off the advisors. You are paid at close. Here is how each part works.
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Acquire
We buy the whole firm.
100 percent · SEC-registered · $100M to $700M · Fee-based · Usually not in an auction
Hold
Capital with no clock.
No fund life · No redemption right · No forced sale · Your name, ADV, team and clients stay
Grow
The back office moves. The firm stays yours.
Compliance, billing, HR, vendors and tech come to us · Clients, name and team stay with the firm
How you get paid
Four parts. One page. We show you the math.
52%*
22%*
18%*
8%*
Cash at close
Most of the price, wired the day we sign.
Kovrent equity
Optional. Ownership in the holding company, with information rights.
Retention earnout
Tied only to clients staying, two to three years.
Seller note
Market rate, fixed schedule, in the LOI.
*Illustrative mix. The real split is set deal by deal and written into the LOI.
What stays. What changes.
Stays
Your clients.
Same advisor, same phone number.
Your team.
Same seats, same titles.
Your name.
On the door by default. Changing it is your call.
Changes
The back office moves.
Compliance, billing, HR and vendors come to us.
Reporting gets standardized.
Cleaner statements, less say in how they look.
You stop being the last stop.
Some founders find that a relief. Some don’t.
Questions founders ask here
Do you use earnouts?

On most deals, yes. Ours is tied only to client retention over two to three years, because that is the one thing you still control after you step back. It is written on one page. There are no revenue or growth targets in it.

Do you use seller notes?

On early deals, yes. Market rate, fixed amortization, disclosed in the LOI. It is part of the price, not a discount to it. Ask for the rate, the schedule, and what secures it, in writing, before you sign the LOI.

How much of the deal is cash at close?

The majority. Kovrent equity is offered on every deal and taken on some, a retention earnout on most, and a seller note at a market rate on early deals. All four are spelled out in the LOI and we show you the math.

What is Kovrent equity, in plain terms?

Ownership in the holding company, offered as part of the price to founders who want it. Not every deal includes it; some are all cash. You stop being an RIA owner and become a partner in the company that owns your firm and every firm we buy after it. It carries information rights, so you see the same financials we do, and it keeps compounding if the whole thing grows.

Who funds Kovrent, and can your investors force a sale of my firm?

Kovrent is funded by long-term capital on one set of terms. No stated fund life, no redemption right, no provision that forces a sale. If a buyer will not walk you through their structure in person, that is your answer about the structure.

What happens to a G2 who stays?

A G2 who stays to run a Kovrent firm is offered Kovrent equity on a written schedule, in the offer letter, not at a review. It is equity in the holding company, not in the operating firm. Path and schedule are in the offer letter. See For RIA Successors.

A first conversation. No banker, no process, no pitch deck.

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The Succession Letter

One email a week on selling, holding, and building RIAs.

From the partners, not a marketing team.