Are you a Retiring Financial Adviser with up to £30m of FuM looking to sell your client bank to an established wealth management firm?

The Company

Our client is a directly authorised business which was established in 2017 with offices based in Yorkshire and London. Offering independent financial advice with open architecture to enable clients to stay invested on existing investment mandates.

The firm has funding in place to support their growth plans through acquisitions.

They have an excellent acquisition track record by having undertaken 3 previous acquisitions, where they have developed a tried and tested model of retaining clients.

Option – Sell and Go

This is ideal if:

  • You are considering retirement
  • 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 highly reputable Independent Financial Advisory firm
  • You want your clients to be looked after by local IFAs

Value

  • Generally a multiple of 3.5x to 4x of ongoing fee income but could even look higher if it was a quality book of HNWIs
  • Typical deal structure across 2 years with between 35% to 50% paid upfront (the better the client bank the higher the upfront payment will be)
  • If clients are 0.5%, they will look to structure the deal over 3 years instead.

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
  • Any changes in existing charging structures will be gradual during the deferred buyout period
  • Tried and tested acquisition model which will enable smooth transition of clients to maximise retention

Criteria

  • You must be a Financial Adviser, with up to £30m of FuM 
  • Clean compliance record with no / few upheld complaints
  • Preference for asset purchases

Locations

York or London

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. within this advert.

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