This directly authorised Financial Advisory firm was established over 20 years ago. The owner has grown this business organically to where they now mange c£110m FuM which is generating £510k in recurring income. This is a very active client book, and they have written c£125k of new business income over the last 12 months. Now looking to sell however is keen to stay on post sale (for a minimum of 2 years) to ensure a smooth handover plus, they are keen for all staff to be retained post sale (1 adviser and 7 support staff).
The adviser is G60 qualified and has written 15 DB Transfers although none since 2020 and no high risk areas such as British Steel plus they got their compliance provider to pre-check every case.
Ideally seeking share purchase to benefit from Business Asset Disposal Relief and looking for a minimum of 3.5x recurring income.