Sole trader looking to sell and stay on advising for couple of years to help transition the clients across. They are currently based in Wales however 90% of their clients are located in London. Currently managing £48m of FuM (c80% of this is on Transact) which generates £225k of recurring income.
Their client bank consists of c100 clients with strong average holdings of c£400k. Ongoing charge is typically 0.5%. They have written 5 DBTs all of which were pre-2016 and no British Steel.
This will be an asset purchase so you won’t be taking on past liability. Seeking 4x multiple of recurring income.