This directly authorised Financial Advisory business with c£32m of FuM is for sale. The owner has lost their appetite for the industry so is now ready to sell and retire. Seeking share purchase with a multiple north of 3.75x recurring income.
Their client bank consists of c200 households with average holdings of £160k. Majority of clients are located in and around Lancashire with an average age of 61. Average ongoing charge is 0.7%.
There have been no high risk areas of advice which is reflected in their low PI premium.