Reference: 22627 | Region: Eastern , Selling | Price: £192,500 | Funds Under Management: c£7,500,000 |
Recurring Income: c£55,000 | No of Active Households: 34

The owner of this directly authorised IFA firm is looking to sell and retire. They are seeking an independent Acquirer who is able to provide an equal level of service to the client’s post-sale. For example, the Acquirer should be able to continue offering the face-to-face service that the current adviser offers.

The firm has circa £7.5m FuM and a recurring income of around £55k. They have 34 active households and clients are generally aged early 60s with a few clients aged over 75. The ongoing charge for clients is 0.8% however some client bonds are at 0.5%.

This is a low-risk business with no DB transfers or high-risk areas of advice and a clean FCA compliance record. The ideal purchase price for this business is 3.5x to 4x of recurring income via share purchase.