The vendor is looking to retire however is happy to stay on in an ambassadorial role to help maximise client retention and make the transition as smooth as possible.
Their client bank consists of 106 households with average holdings of £233k. Most clients are on 0.5% ongoing charge but they have started moving clients onto 0.65% and 0.75%.
Clean business with no high risk areas of advice. Seeking share sale with 3.5 multiple of recurring income.