This East Yorkshire based IFA is considering his exit from the industry due to his health. He is looking for a share purchase on a multiple of 3.6x – 4x recurring income to achieve BADR. Please note that the company is a servicing company for income as a registered Individual, which means that there is no risk for past advice with this share purchase.
The business has c£35m FuM which is generating £165k of recurring income. The HNW client bank consists of 91 households, predominantly based around Yorkshire, with average holdings of c£384k.
The adviser is a qualified DBT specialist and the client bank includes 26 DB Transfers which followed the gold standard of advice with no insistent clients. Any past liability for advice rests with past and current DA firms and will not be passed to an Acquirer.
The adviser has a clean compliance record with no upheld or pending complaints