This directly authorised IFA firm is based in South Wales and is looking to sell so the owner can retire and move.
The business has c£5.8m FuM and a recurring income of c£32.6k. They have c17 active households with average holdings c£340k. The average age of their clients is between 60 and 70 years. They have an ongoing charge of 0.5% and their initial fee is 3%.
They have a clean FCA compliance record with no high-risk areas of advice and no upheld complaints.
The owner is seeing an asset purchase and the ideal consideration price for this firm would be c3x recurring income.