The owner of this directly authorised business is looking to create a capital event and carry on post sale for c3 years servicing their top clients. Plus, they are keen for 4 key staff members to be retained post sale.
Currently managing c£160m of FuM with 2/3rd on Fidelity. This is generating c£815k in recurring income so their average ongoing charge is c0.5%. Majority of clients are based around the M25 with strong average holdings of £615k.
Seeking share sale with a valuation north of £3.5m.