Reference: 26385 | Region: Selling , Wales | Price: c£350,000 | Funds Under Management: £20,000,000 |
Recurring Income: £100,000 | No of Active Households: 250

This is a directly authorised business based in South Wales. The owner is looking to sell their client bank due to retirement and is seeking an Asset sale. Happy to stay on in an ambassadorial capacity to help with handovers.

The business has c£20m of FuM which is generating £100k recurring income. They have c300 clients (mostly mid 50’s) with the majority based within 30 miles radius of Swansea. 65 of their clients have holdings over £250k. Their average ongoing charge is 0.5%.

This is a clean, vanilla business with no high-risk areas of advice such as DBTs or VCTs. Fairly low maintenance with all clients offered a minimum of 1 annual review per annum however only a small amount take this offer.