Reference: 26729 | Region: Selling , South East | Price: £875,000 | Funds Under Management: £35,000,000 |
Recurring Income: £175,000 | No of Active Households: c100 individual clients

Wealth Management firm with £35m FuM generating c£175k recurring income, looking to sell. This client bank consists of c98 clients with strong average holdings of £360k. Majority of clients based within the M25.

This IFA has brought forward their plans to sell due to a recent relocation. Preferable exit date of May 2024.

As they are a sole trader, an asset purchase would still enable them to achieve their business asset disposal relief, plus the acquirer won’t be taking on the past advice liability, although this is a clean business with no high-risk areas of advice.

The vendor wants to carry on doing their employee benefits work which generates c£25k p.a and is happy to sign the necessary restrictive covenants that they won’t carry on with their wealth and pension advice. During this employee benefits work, they deal with a lot of HNW Directors and professionals and would be happy to introduce clients seeking personal advice to the acquirer moving forward.