This well-run practice boasts approximately £50 million in funds under management and generates a recurring income of £250,000 annually. The client base consists of 125-150 households, primarily aged 55-61, with average holdings between £300,000-£400,000. All clients are located within a 40-mile radius of their office.
The business focuses on pensions, investments, and ISAs, with ongoing charges predominantly at 0.5-0.6%. Major platforms utilised include Fidelity, Aegon, and Scottish Widows. The owner, a sole trader with over 25 years of experience in financial services, is looking to retire and seeks a sell, transition, and go arrangement. This presents an excellent opportunity for a buyer to acquire a quality client book through an asset purchase.