Reference: 24853 | Region: Selling , South East | Price: £560,000 | Funds Under Management: c£25,000,000 |
Recurring Income: c£116,000 | No of Active Households: 33

This directly authorised IFA firm is looking to sell as the owner is seeking to retire. The business has c£25m FuM and a recurring income of c£116k for 2022, however this figure has been affected by the recent market and their recurring income for 2021/22 was c£130k which is on track to be caived again in 2023

The firm has 33 active households with an average holding of over £750k and an average household age of 64. The majority of clients are based in Essex or within the M25.

The business has previously outsourced 3 DB transfers to other Financial Planners, however there is no risk associated and the buyer would not be liable. They have a clean FCA compliance record and no upheld complaints.

The owner is looking for a share purchase.

We have achieved a consideration offer at Heads of Terms based on 4.2x RI projection.