Reference: 28572 | Region: Selling , South East | Price: £2,400,000 | Funds Under Management: £100,000,000 |
Recurring Income: £600,000 | No of Active Households: 200

This vendor is approaching their mid 50’s and is not ready to retire however, they are wanting to offload some of their duties such as compliance and dealing with the FCA so they are able to spend more time seeing clients as this is what they enjoy doing. They are interested in a part sale of c75% to create a capital event but retain some shares as an incentive to keep growing the business.

Their client bank consists of 200 households with strong average holdings of c£475k, predominantly based in Oxfordshire. Their recurring income for the last 12 months was c£600k however due to increasing their fees, they expect their RI to increase to c£750k for the next 12 months.

There is a self employed IFA / Paraplanner who would be keen to stay on with the acquiring firm. They are level 4 diploma qualified and the vendor has trained them up. Currently they are only looking after a small amount of FuM but once their paraplanning duties have been taken away they will be able to write more business.