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Guest herbieglass

Pension TPA interested in being Acquired by Purchaser

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Guest herbieglass

I have been running this pension and investment sales and administrationTPA business for 40 years, and I now want to sell.

I am still full of pi.s and vinegar and want to continue in the business, but must relieve myself of being an owner and the owner responsibilities. I just want to be a rainmaker, consultant, expert witness, problem solver, etc. but I do not want the responsibility of running the business.

For almost the full 40 years we have received our business as referrals from CPAs and Attorneys. Hardly any from financial sales people. We are also an RIA and receive fees for investment advising and either insurance commissions or RIA fees on most all our 401(k) business.

I believe that I have developed the method to easily get business from CPA firms and Law firms. The method is easily taught to quality sales people and will generate business quite quickly. But frankly, I want to go "elephant hunting" for the larger more mature 401(k) plans rather than get the smaller cases from the CPAs and Attorneys. I have been working on a new marketing plan that is close to being ready to go, but I would like some help from a buyer of my firm.

Although at one time, my firm was more than twice as large as it is now, I think the firm and myself are worth a look. I have extensive experience, am highly educated (MBA from U of Michigan), fully credentialed (Certified Pension Consultant and many more), founded a local bank that we took public onto the Nasdaq at 36 years old and on the Bank's Board for 23 years until we sold it for cash before the bank crash of 2008), am considered an innovator and am also an idea a minute kind of guy.

Do you think I should use an M & A firm to find a buyer or should I try to find buyers myself. If you have any recommendations, please let me know.

You may reach me at 248 342 9500 because I do not know how people communicate with each other that meet on this forum.

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Hi Herbie,

I see that you are interested in selling your business. I like that you want to be a rainmaker, consultant etc and to continue to work in this field. I've called your number and left a message on Tuesday but have not heard back from you. Please give me a call on Monday afternoon (EST) to discuss possible business together. My office number is 856-857-6100.

If you have changed your mind a bout selling, please let me know.

Thanks,

Ron Massanova

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Herbie,

If you are still on the market, we are looking to buy TPA business, please call me at 917-596-8646

Thanks.

Gustavo

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