This IFA firm for sale was established nearly 15 years ago and run by an experienced Manager and Principal Financial Adviser.
Turnover of £1,000,000 which is increasing due to both the ongoing income and new business income being on an upward trajectory. The new business income has also been increased due to increasing the team of Financial Advisers. Plus, recent focus on converting on demand clients to ongoing service fees through annual reviews. There is still a further £20,000,000 of Funds under Influence that can be converted to Funds under Management.
The average age of the client bank is low 50s, therefore still opportunity for wealth creation.
The team of Financial Advisers and Support staff work effectively together to provide a well rounded client service. The business would benefit from retaining the existing staff.
Unfortunately the business owner and his close family have experienced health concerns recently. As such, the owner is now wanting to focus on his quality of life and is happy to sell the business.