The Company
Our client has been established for over 40 years, providing wealth management and financial advisory services to c600 clients. They have £400m FuM and have plans to continue growing.
Offering independent financial advice with open architecture to enable clients to stay invested on existing investment mandates
They have an excellent acquisition track record having undertaken 3 successful acquisitions, where they have developed a tried and tested model of retaining clients. The firm have strong financials with funding in place to support their growth plans through acquisitions.
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
- You only want to deal with a financially sound and highly reputable Independent Financial Advisory firm
- You want your clients to be looked after by local IFAs
Option – Sell and Stay (for larger deals)
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. For larger firms, they will look at a multiple of 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 in-house DFM / centralised investment proposition.
- Honour existing charging structures during the deferred buyout period
- 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
- Ideal average holdings per household of £500k
- Clean compliance record with no / few upheld complaints
- Will consider DBTs subject to due diligence
Locations
London to Bristol
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.