Reference: 26228 | Region: Selling , Yorkshire & The Humberside | Price: £1,000,000 | Funds Under Management: c£40,000,000 |
Recurring Income: c£250,000 | No of Active Households: c120

This is a clean, directly authorised business based in Humberside. The owner is looking to sell as they are eager to retire. The firm employs 2 members of staff who are also looking to retire therefore will not remain with the business post-sale.

The firm has FuM c£40m with a recurring income of c£250k. Their current initial charge is 3% and the ongoing charge is 0.75% with some long-standing clients on 0.5%. They have c120 active households with average client holdings c£330k and the majority of the client bank aged between 60 and 65 years old.

They have a clean FCA compliance record and no high-risk areas of advice. The owner is seeking a share purchase 4 times recurring income, however, will consider asset purchase if compensated for the additional tax incurred.