The Company
Our client has been advising in the middle east since 2015 and has built up a loyal client bank which consists of most UK ex-pats up c£20m FuM. As such, many of their clients are now relocating back to the UK so they are wanting to create a UK hub so they can continue to service these clients and continue growing in the UK. Therefore, they are wanting a directly authorised business where they can carry out an FCA change in control.
The firm have strong financials evidenced by their balance sheet which they will be using to fund this.
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 structured, simple handover that is sensitive to your clients
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
Value
Generally, a multiple of 3.5x to 4x of ongoing fee income.
Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% at 24 months
Benefits
- Independent Financial Advice
- Honour existing charging structures during the deferred buyout period
- Needs to be a share purchase so vendors can qualify for Business Asset Disposal Relief
- 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 FuM of ideally up to £50m
- Clean compliance record with no / few upheld complaints
- Will consider DBTs as long as this is no more than x% of FuM
Locations
Ideally London based but can look outside of the M25 in the surrounding home counties
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.