Are you a Retiring Financial Adviser in London / South East looking to sell your client bank to an established African wealth management firm seeking to expand into the UK.
The Company
The Managing Director has over 30 years of experience working in various financial institutions in the United Kingdom and Africa. He started his banking career in England, with Citibank and subsequently with LloydsTSB, Hill Samuel, Robert Flemings, JPMorgan Chase, and Deutsche Bank in the investment banking division.
This is a leading African financial services group. Their services cover financial advisory, investment banking, asset management, trusteeship and economic intelligence & advisory. They also provide alternative investment products and financing opportunities across multiple asset classes to clients.
Working with their clients to manage funds and portfolios they are keen to expand their advice in the UK. They have many connections of HNWI’s that already reside in the UK which would join the UK firm as clients.
Ideal size firm would be around £35m FuM, which should be directly authorised, suitable for change in control.
Ideally the vendor is happy to stay on post sale for a period, whether that is 1, 2 or 5+ years.
Ideal location would be London or South East.
As the firm have no set Centralised Investment Proposition clients are likely to remain on existing investment mandates and will continue to receive independent financial advice.
The firm have strong financials to fund this acquisition.
Option – Sell and Stay
This is ideal if:
- You are considering semi-retirement
- You would like to give up running your advisory business, however, not ready to stop advising
- You want to create a capital event with a highly competitive price of up to 4 times recurring income for a share sale of your business with ongoing competitive remuneration for continuing to advise – typically 1/3r of recurring income and 33% of any new business written.
- You would like open architecture to allow your client stay on existing mandates and charging structures.
Value
Generally, a multiple of up to 4x of ongoing fee income.
Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% at 24 months
Benefits
- Independent Financial Advice
- Open architecture to leave clients on existing mandates
- Honour existing charging structures during the deferred buyout period
- Happy with share purchase
- Competitive salary and bonus post sale
- Stay on post sale, to enable the vendor to stay doing what they prefer – advising clients with autonomy and empowerment to carry on doing largely what you have been doing unchanged
- You can decide when you are ready to fully retire, as they see a role for you indefinitely
- Be part of a small IFA with growth objectives
Criteria
- You must be a Financial Adviser, with FuM of up to £35m
- Clean compliance record with no / few upheld complaints
Locations
Nationwide
Call us now on 0208 0044 162 or click Apply
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