This North East based IFA firm is seeking retirement through an acquisition, having worked in financial services for over 30 years. They are ideally looking for a share purchase on a multiple of 3.5x recurring income.
Their client bank consists of just over 500 active households with average holdings around £240,000. This business has a team of two Paraplanners and two Administrators and would prefer the acquirer to retain some or all of the support team to continue supporting the servicing of the client bank.
This is a very clean business with no high-risk investments, no DB Transfers and no upheld complaints.