Reference: 26033 | Region: North West , Selling | Price: £75,000 | Funds Under Management: c£8,000,000 |
Recurring Income: c£25,000 | No of Active Households: c120

This directly authorised IFA firm is run by a sole trader who is looking to sell their client bank as they are eager to retire. They are highly client focused and are looking for an Acquirer who will take care of their client bank.

The firm has between £8m and £9m FuM and a recurring income of c£25k. Their initial charge is up to 5% with the majority of clients on 3%. Their ongoing charge is 0.25% with some clients on 0.5%. The firm has c120 active households with average holdings c£70k and their client bank is mostly based within Greater Manchester. The majority of clients are aged between 55 and 65 years old with some over the age of 75.

As this is a sole trader Change in Control of FCA permissions won’t apply.

The ideal purchase price for this firm would be 3x recurring income via asset purchase offering a great opportunity for an adviser wanting to kick start their own self-employed business by purchasing a client bank for a low consideration price with lots of potential opportunities for uplift, new business, and referrals