The Company

Our client company was established in 2020 originally as Appointed Representatives before becoming directly authorised in 2022. They have grown their FuM to £22m organically with 2 advisers and 1 administrator.  They offer independent financial advice with open architecture to enable clients to stay invested on existing investment mandates.

Our client’s preference is for a small client bank with c£5-£10m FuM to start with however has a long term goal of reaching £75m FuM. The firm have strong financials with funding in place to help them achieve this goal.  

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

Value

Generally a multiple of up 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
  • Honour existing charging structures during the deferred buyout period
  • Happy with both share and asset purchases

Criteria

  • You must be a Financial Adviser, with up to £10m FuM
  • Ideal average holdings per household of £200k
  • Clean compliance record with no / few upheld complaints
  • Will consider small amount of DBTs subject to extensive due diligence

Locations

Essex

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.