The Company
This directly authorised independent wealth management firm is based in the North West. They are a chartered and a well-established business with nearly 20 years in the industry. They have an impressive c£220m FuM and c£1.5m recurring income, with 4 advisors and 5 support staff. The firm has robust funding in place to support their growth plan through acquisitions. They have prior acquisitions experience having completed several previously and have a proven acquisition model to maximise client retention.
The firm is looking to acquire a client bank with FuM up to £100m and minimum average holdings of £250k. They are offering open architecture to enable clients to stay invested on existing investment mandates. Deals are not contingent on clients moving to centralised investment propositions and the firm is willing to honour existing charges.
As chartered financial planners the firm would ideally like to acquire another chartered IFA practice, although not essential. The firm would also be interested in acquiring a small DFM firm as this is a direction that the business is looking to follow.
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 chartered IFAs
Will consider keeping quality staff and admin / paraplanners.
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
- 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 and would only move if in the client’s best interest
- Honour existing charging structures during the deferred buyout period
- Clients CIP – typically 0.75% ongoing adviser fees, platform charge 11 bps and funds manager charge 15 bps
- Tried and tested acquisition model which will enable smooth transition of clients to maximise retention
- Preference for an Asset purchase
- 7 figure funding in place to support acquisitions
- Open to retaining quality advisers and support staff
Criteria
- You must be a Financial Adviser
- Minimum average holdings per household of £250k
- Clean compliance record with no / few upheld complaints nor any DB Pension Transfers
- Preference for no more than 10% of clients over age 75
- Preference for Asset Purchase
Locations
North West around Lancashire and Cheshire
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.