Are you a Financial Adviser with up to c£15m FuM looking to sell your client bank to an established wealth management firm?

The Company

Our client company is an Independent, Directly Authorised firm which was established in 2014 with offices based in Birmingham. The owner is the sole adviser in the business and currently has c£30m of FuM. They are looking to grow their client bank through acquisitions and have scope to service an additional c100 clients.

Offering independent financial advice with open architecture to enable clients to stay invested on existing investment mandates

The firm have strong financials with funding in place to support their growth plans through acquisitions.

Option – Sell and Go

This is ideal if:

  • You are considering retirement
  • You want a fair and highly competitive price for your client bank
  • You would like a structured, simple handover that is sensitive to your clients
  • You want your clients to be looked after by local IFAs

Option – Sell and Stay

This 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 clients to migrate on existing mandates where these best meet the clients’ needs

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 both share and asset purchases 

Criteria

  • You must be a Financial Adviser with up to £15m of FuM
  • Ideal minimum average holdings per household of £150k
  • Clean compliance record with no / few upheld complaints

Locations

West Midlands / Birmingham

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.