Reference: 27542 | Region: Selling , South East | Price: c£665,000 | Funds Under Management: £23,000,000 |
Recurring Income: £190,000 | No of Active Households: 110

This Hampshire based IFA is looking to create a capital event by either selling their whole client bank and stay on or just sell their lower value clients. The adviser is in their 50’s so would be looking to stay on with the acquiring firm.

Their client bank consists of c110 households with average holdings of c£200k mainly based in the Hampshire area. Average age of the clients is between 50 – 70 with c5% of clients aged 75 or above.

This business has c£23m of FuM (95% on Quilter) which generates c£190k in recurring income. Most clients are on 1% with c10 clients on 0.75% and a couple on 0.5%.

This is a clean, vanilla business with no DBTs or other high-risk areas of advice.