Are you a Financial Adviser with c£500k of recurring income and looking to sell your client bank to a forward-thinking Fintech IFA company and stay on for 1-3 years in an authorised capacity to fully transition your clients?

The Company

Our client company was founded in 2017 and have fast become one of the few digital Independent Financial Advisers in the UK. They offer all the services of a traditional IFA but via their secure online platform.

Currently, the firm have a number of IFAs operating as AR’s under them and are up to over £150m of funds under management. They offer an established AR route for firms and individuals looking to utilise their tech platform across their business and run their own independent / whole of market IFA firm. This could suit firms who are tired of running their own IFA business and the ever growing regulatory burden that comes with it and just want to fall under a larger umbrella under very competitive terms.

Option – Sell and stay

This is ideal if:

  • You want to create a capital event and continue advising without the regulatory burden of running a business
  • You want to continue to have full open architecture without the pressure of moving clients into a centralised investment proposition
  • You want a fair and highly competitive price for your client bank
  • You would like a structured, simple handover that is sensitive to your clients
  • You only want to deal with a financially sound and forward looking Independent Financial Advisory firm with its own platform and technology solutions to provide clients with the economies of scale on TERs

Appointed Representative offering

  • Provide you with PI cover & all FCA fee’s paid, compliance support, access to their tech stack, admin & paraplanning support, third party software access via platform plus ongoing business development support if/when needed
  • 80%/20% split in the AR’s favour on all gross fee’s, commissions and other revenues generated by the AR.
  • Option to sell at a later date to suit your exit needs

Value

Generally a multiple of 5x – 8x EBITDA

Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% at 24 months

Benefits

  • Independent Financial Advice
  • Open architecture to leave clients on existing mandates whilst new relationships are built with advisers
  • Deals are non-contingent to moving clients to in-house DFM / centralised investment proposition
  • Honour existing charging structures during the deferred buyout period
  • Happy with both share and asset purchases

Criteria

  • You must be a Financial Adviser with c£500k of RI
  • No minimum criteria on average holdings albeit they will only consider clients with upwards of £50k
  • Clean compliance record with no / few upheld complaints

Locations

Nationwide

Call us now on 0208 0044 162 or click Apply

Liability and Disclaimer

The information contained in our advert including any valuation calculations and percentage of up front and deferred payments are given in good faith and Premier Jobs UK Ltd uses all reasonable efforts to ensure that it is accurate. However, Premier Jobs UK Ltd gives no representation or warranty in respect of such information and all such representations and warranties, whether express or implied, are excluded. No liability is accepted by Premier Jobs UK Ltd for any loss or damage which may arise out of any person relying on or using any information within this advert.

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