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Living the ‘lifestyle practice’ dream
Why a 64-year-old RIA doesn t worry about building scale and has no plans to retire, even though he could fetch about $5 million for his firm in today’s white-hot market.
February 12, 2021
3
MINS
More than a decade of record-breaking merger and acquisition activity across the wealth management industry means nothing to Ken Van Leeuwen, because the 64-year-old owner of a $300 million advisory firm is happy right where he is.
In the parlance of industry analysts, Princeton, New Jersey-based Van Leeuwen & Co. is known as a lifestyle practice or legacy firm, meaning the owner isn’t looking for growth through acquisitions and definitely isn’t interested in selling to the highest bidder. ....

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