Reference: 25623 | Region: North West , Selling | Price: £1,200,000 | Funds Under Management: c£40,000,000 |
Recurring Income: c£290,000 | No of Active Households: C100

The owner of this directly authorised IFA firm is looking to sell their business and retire. They are open to remaining with the business for up to two years post-sale in an ambassadorial role to maximise client retention and ensure a smooth transition.

The business has c£40m FuM and a recurring income of c£290k in 2022. The firm has c100 active households located entirely in the North West and with an average holding of c£400k. Clients are typically aged 40 to mid 50s with their oldest clients aged early 70s.

The firm has 2 office premises with 3 support staff including a Paraplanner and 1 self-employed Adviser who is anticipated to depart from the firm post-sale. They also have an inhouse Wills and Estate Planning team of 3 self-employed Trust Managers. Their average estate planning case size is c£1,500.

The ideal purchase price for this firm is 4x RI and they are seeking a share purchase.