Are you the owner of a sizeable IFA firm with upwards of £500m FuM and looking to create a capital event but carry on growing your firm as you aren’t ready to retire?
Alternatively, this acquirer would consider businesses on the South East coast or in the North West with over £200m FuM to bolt on.
The Company
Our client company is a Private Equity firm that was established in 2018 with offices based on the South East Coast and the North West. One of the IFA businesses they invested into in 2021 has grown from £500m to over £2bn following their support.
Only interested in independent firms as they won’t be looking to make any changes to existing investment mandates or charging structures.
They have an excellent acquisition track record by having undertaken a number of previous acquisitions across the different divisions within the business where they have developed a tried and tested model.
Option – Sell and Stay
This is ideal if:
- You are considering semi-retirement
- You would like to give up running your advisory business, however, not ready to stop advising
- You want to create a capital event with a highly competitive price for your business with ongoing remuneration for continuing to advise
- You would like open architecture to allow your client to migrate on existing mandates where these best meet the clients’ needs
- You feel you have taken the business as far as you can and looking to secure further financial support to unlock the next phase of growth
Value
Generally a multiple of 7x – 9x 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 any in house DFM / centralised investment proposition
- Honour existing charging structures
- Tried and tested acquisition model which will enable smooth transition of clients to maximise retention
- Happy with both share and asset purchases
- Will consider DB transfers subject to file checks via due diligence where transfer advice meets ‘Gold Standard’
Criteria
- You must have with upwards of £500m FuM unless you’re in the North West or Brighton and then it can be £200m+ FuM
- Flexible on minimum average holdings
- Clean compliance record with no / few upheld complaints
Locations
Hubs; £500m+
- Northampton
- Bristol
- Bedford
- Cambridge
Bolt on; £200m+
- North West
- South East Coast
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.