This established IFA is looking to stay on with the acquiring firm for up to 4 years as they are not ready to retire just yet.
The business has c£55m FuM generating c£355k of recurring income. Their average ongoing charge is 0.65% so there is potential uplift opportunity.
The 440 households are mostly within an hour’s drive of Bedfordshire with the average age being between 55-60 years old. Average client holdings of £125k.
Open to both Share and Asset purchases.