A holding company built by people who have run RIAs.
Are We Your Buyer?
On selling, holding, and building RIAs.
Know a founder who’s ready?
One email a week on selling, holding, and building RIAs.
The largest handoff in the industry's history has no receiving team.
Nine questions. Answer them honestly.
How a deal works, first call to close.
Two situations. Two answers.
We do not hire advisors or recruit books. We buy firms, and we give them the tools to grow.
An advisor, not an owner?
We buy firms, not books, so we're not your next move. But if your current firm's owner, or any RIA owner you know, is quietly wondering about succession, that's a conversation we're built for.
We buy firms, not books.
Breakaway books under $100M and wirehouse teams without a registered RIA are outside what Kovrent acquires. That is a statement about our buy-box, not about the quality of your practice, and it is the reason the advisor path here runs through the firms we already hold rather than through a purchase of your book.
If you would rather bring your clients into a firm that already has the compliance, operations and technology built, that is the door. Read more about why long-term capital changes what a seat is worth over ten years.
You bring your clients. We build the firm around you.
Contact UsStraight answers, before the first call.
What we tell founders when nobody is selling anything.
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Private equity, consolidator, or long-term holding company.
All three buy RIAs. All three are the right answer for somebody. The differences that matter are the hold period, who owns the client relationship afterward, and what forces a second sale. Below is the honest version, including where we are the wrong buyer.
| Private equity fund | Consolidator | Long-term holding company | |
|---|---|---|---|
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Private equity fund
A pool of outside capital raised with a stated life. The manager is obligated to return that capital, so every business it buys is bought with an exit in mind. That is not a criticism, it is the job. It means the question is never whether your firm gets sold again, only when and to whom.
Consolidator
A national advisory firm that acquires practices and merges them into one operating company: usually one brand, one service model, one investment platform. Done well, it gives clients depth a small firm cannot afford on its own. What you trade is the thing that made your firm distinctive.
Long-term holding company
A company that buys firms to own them, funded by capital with no return-by date. It grows slower, pays less at the top of a cycle, and depends entirely on whose money sits behind it. Ask, and we will walk you through the capital structure line by line.
Echelon Partners counted 466 announced wealth management transactions in 2025, up 27.3% over 2024, including a record 185 deals involving firms with at least $1 billion in assets. Private equity backed buyers accounted for 56.8% of those billion-dollar deals.
Source: Echelon Partners 2025 RIA M&A Deal Report, Figures verified August 2026.
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The first conversation is short and confidential. If we're not your buyer, we'll say so and leave you alone.
Start the fifteen minutesWhat happens to your people.
This page is written to be forwarded. Send it to your operations lead, your next generation of advisors, and the person who has answered your phone for eighteen years. Everything below is what we would tell them ourselves.
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Compensation
Existing comp arrangements carry over at closing. If we ever propose a change, it is discussed with the person affected before it is decided, not announced in a memo.
Client assignments
Nobody's book gets redistributed. The advisor who has the relationship keeps the relationship, which is the only reason the clients stay.
Titles and roles
Same seats, same titles. The work that changes is back office: billing, vendor contracts, compliance filings, reporting.
The next generation
Your G2 can own equity in something that keeps growing after the founder stops working, without needing to personally finance a buyout they cannot afford.
What we will not tell you
That nothing changes. Something always changes: the software your operations team uses, who signs off on a compliance filing, who to call about a billing error. What we commit to is that the changes are scheduled with you, explained to the person doing the work, and not a surprise announced after the fact.
If you want the version without a founder in the room, tell your team to email a partner directly. We will take the call.
The first conversation is short and confidential. If we're not your buyer, we'll say so and leave you alone.
Start the fifteen minutesFirms we hold.
Our first transactions will be listed here with the founder's name, the firm's name, and what stayed the same. Until then, read how a deal works.
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Disclosures, privacy, and terms.
Structure and registration
Kovrent Holdings, LLC is a Delaware limited liability company. It is not a registered investment adviser. Advisory services are delivered by the firms Kovrent holds, each of which is separately registered with the U.S. Securities and Exchange Commission and responsible for its own advisory relationships, disclosures, and filings.
Nature of this website
This website is informational. Nothing on it is investment advice, an offer to buy or sell any business or security, a solicitation in any jurisdiction where such an offer would be unlawful, or a guarantee of any outcome. Descriptions of how a transaction typically proceeds are general and do not describe terms available to any particular firm.
Privacy
We collect only what you send us: your name, your firm, your email address, and anything you choose to tell us. We use it to have a conversation with you and for nothing else. We do not sell it, and we do not share it outside Kovrent except with advisers bound to confidentiality on a specific transaction, or where the law requires it.
Ask us to delete your information and we will.
Terms of use
Content on this site is provided as is, without warranty. Trademarks and copy on this site belong to their owners.
Form ADV and Form CRS
Each registered adviser Kovrent holds publishes its own Form ADV Part 2A and Form CRS. Public filings are also available through the SEC's Investment Adviser Public Disclosure system.
Contact
Kovrent Holdings, LLC · Louisville, KY
Start a conversation.
A narrow buy-box, on purpose.
The partners.
Kovrent Holdings, LLC is a holding company, not a registered investment adviser. Advisory services are provided by the firms Kovrent holds, each separately registered with the SEC. Nothing on this site is investment advice, an offer to buy or sell any business or security, or a guarantee of any outcome. Michael Ellison and Noah Ellison are Investment Adviser Representatives of RPS Advisory Solutions, LLC and Registered Representatives of Silver Oak Securities, Inc., member FINRA/SIPC. Kovrent Holdings, LLC is not affiliated with Silver Oak Securities, Inc.