The Company
Our client company is an established Chartered Accountancy with over 3,000 clients with a separate Wealth Management division based in London. They are keen to grow their Wealth Division which currently has c£15m FuM through acquisitions. They have strong financials and with the injection of personal cash from shareholders / directors of the Wealth division they have the necessary funding in place to support their growth plans.
The firm with 3 Advisers is looking to acquire a client bank with FuM up to £30m. They are offering open architecture to enable clients to stay invested on existing investment mandates. Deals are not contingent on clients moving to any centralised investment propositions and the firm is willing to honour existing charges.
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 handover that is sensitive to your clients and with a formidable team of financial advisers and tax specialists who have a vast amount of experience enabling them to give invaluable advice
- You want your clients to be looked after by local Advisers who have the capacity to absorb your client bank and provide regular servicing meetings
Value
Generally a multiple of 3.5x to 4x of ongoing fee income. Would consider higher for higher average holdings per household.
Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% at 24 months
Benefits
- 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
- Honour existing charging structures during the deferred buyout period
- 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 be a Financial Adviser with up to £30m FuM
- Clean compliance record with no / few upheld complaints
- Will consider small amount of DBTs subject to due diligence
Locations
London / South East
Call us now on 0208 0044 162 or click Apply
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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.