Are you an IFA based in East Anglia looking to retire and sell to a local IFA firm based in Norwich?
Acquisition Deal Value
Competitive multiple of recurring income of c3.5 times or higher, with a payment structure typically over 2 years.
This is ideal for IFA’s where:
They are based within 2 hours travelling distance from Norwich
You want to sell to a firm who has previous experience of successfully acquiring other client banks in the past
Clients would receive local face to face ongoing advice with offices in Norwich and a team of 11, which includes 7 IFA’s. Mortgage Adviser and support team
Clients would continue to receive impartial independent financial advice
Established 8 – 9 years ago, this directly authorised independent advisory firm is managing c£75m of funds under management through a team of 11 individuals which include 7 Independent Financial Advisers, Mortgage & Protection Adviser and support team.
This privately-owned business offer advice on pensions, investments, mortgages, insurance, personal taxation and commercial mortgages.
They offer products from the whole of the market and design their own model portfolios. With open architecture, they would retain investments on existing mandates whilst building strong relationships. Their charging structure for ongoing advice is 0.7%, although any changes would be resisted in the initial deferred payment period.
Their emphasis is on building strong, long lasting personal relationships with their clients. With a wealth of experience and market knowledge they’re friendly approachable and transparent.
The firm have experience of undertaking smaller client bank acquisitions and are now well funded to grow through further acquisitions of firms with £10m to £70m of Funds under management.
IFA Client Bank Criteria
Preferably having Funds under Management of between £10m and £70m
Ideal locations – Anywhere in East Anglia
Financial Advisor Acquisition Benefits
Directly authorised, independent financial advice with open architecture
Has funding in place for growth through acquisition
Tried and tested experience of acquiring client banks in the past
Norwich / East Anglia
Call us now on 0208 0044 162 to discuss this further
Liability and Disclaimer
The information contained in our advert including any on target earnings information are given in good faith and IFA Acquisitions Ltd uses all reasonable efforts to ensure that it is accurate. However, IFA Acquisitions Ltd gives no representation or warranty in respect of such information and all such representations and warranties, whether express or implied, are excluded. No liability is accepted by IFA Acquisitions Ltd for any loss or damage which may arise out of any person relying on or using any information within this advert.