Reference: 25657 | Region: Selling , South East | Price: £1,057,500 | Funds Under Management: c£46,000,000 |
Recurring Income: c£300,000 | No of Active Households: c350

The owner of this directly authorised IFA business is in their mid 50s and is looking to improve their work-life balance, therefore is seeking to sell their business and continue advising post-sale until they retire.

The firm has a recurring income of c£300k and c£46m FuM with an additional c£16m in group schemes consisting of around 350 members. They have c225 active households with average holdings of c£200k+. Clients are generally based in the South/South East region with an average age of 55.

The business has a Paraplanner who is willing to remain post-sale.

The ideal purchase price for this firm would be between 3.5x and 3.75x of recurring income and the owner is seeking a share purchase.