Are you a Financial Adviser in the North West looking to semi-retire or exit from Financial Services with circa £10m of FuM or become an equity parter of a wealth business with excellent growth potential?

The Company

Our client company is an established General Insurance company which was originally founded in the 1960’s with offices based in Manchester. They aim to create long term relationships with clients and see offering Financial Advice as a way to achieve this.

The firm have strong financials evidenced by their balance sheet to support their growth plans through acquisitions.

They have an excellent acquisition track record by having undertaken 3 previous acquisitions on the Insurance side, where they have developed a tried and tested model of retaining clients.

Option – Sell and Go

This is ideal if:

  • You are considering retirement or semi-retirement
  • Want to join a business for huge growth opportunity as an equity partner
  • You want a fair and highly competitive price for your client bank
  • You would like a structured, simple handover without having to change exiting investment mandate

Option – Sell and StayThis 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 for your business with ongoing remuneration for continuing to advise
  • You would like open architecture to allow your client to migrate on existing mandates where these best meet the clients’ needs
  • With referrals from GI clients have opportunities to grow business volumes

Value

Generally a multiple of 3.5x 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 whilst new relationships are built with advisers
  • Deals are non-contingent to moving clients to in-house DFM / centralised investment proposition
  • Honour existing charging structures during the deferred buyout period
  • Happy with share purchases

Criteria

  • You must be a Financial Adviser, with circa £10m of FuM
  • Clean compliance record with no / few upheld complaints
  • Preferably directly authorised for change-in-control 

Locations

North West

Call us now on 0208 0044 162 or click Apply

Liability and Disclaimer

The information contained in our advert including any valuation calculations and percentage of up front and deferred payments are given in good faith and Premier Jobs UK Ltd uses all reasonable efforts to ensure that it is accurate. However, Premier Jobs UK Ltd gives no representation or warranty in respect of such information and all such representations and warranties, whether express or implied, are excluded. No liability is accepted by Premier Jobs UK Ltd for any loss or damage which may arise out of any person relying on or using any information within this advert.

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