This Appointed Representative manages approximately £10m in FuM spread across c£7m in Prudential which is mostly in bonds and c£3m in Quilter. This generates recurring income of £64k per annum. The client base consists of around 60 households, primarily retired individuals aged 65-70, mostly located in and around Devon. The adviser is looking for an asset purchase with a consideration price of ideally around £200k, to facilitate retirement and provide a lump sum for family.
This represents an excellent opportunity for an established wealth management firm experienced in acquisitions to expand their client base in the South West.