Reference: 24824 | Region: Northern Ireland , Selling | Price: c£640,000 | Funds Under Management: £30,000,000 |
Recurring Income: £160,000 | No of Active Households: 200

This self employed Chartered IFA is based in Northern Ireland and is looking to sell their business via a share sale to benefit from BADR. They have c£30m FuM mainly on Fidelity platform and their turnover is £225k which includes c£160k recurring income with around £60k of new business.

Client bank consists of c200 clients who are predominantly doctors with average holdings of £150k. Average ongoing charge of 0.5%.

The vendor is in their late 50’s and is looking to create a capital event but isn’t ready to retire so wants to stay on post sale with the acquiring firm. They also want their Level 4 Diploma qualified Paraplanner to be kept on too.