This sole Financial Advisor operates his own directly authorised IFA firm, having established a good presence in the local area and would be keen for an acquirer to utilise this. The owner is looking to sell, in order to relocate and enjoy a well deserved retirement.
The 80 households are local to the business, with most being in the same postcode and some within the neighbouring postcodes.
Average client holdings £187,500.
This firm have a clean compliance track record, with unblemished zero complaints and no DB transfers. This clean bank would be an excellent acquisition for a local IFA firm looking to incorporate additional clients or increase their presence in the area.