Are you a Financial Adviser looking to retire or exit from Financial Services with over £50m of FuM but would like to sell to an Acquirer who prefers sellers to stay on with embedding clients and also offering bonuses for any uplifts in fees.
This buy-and-build IFA acquirer whose board is led by experienced heavy-weight industry leaders are passionate about client-centric advice and exceptional delivery with the backing of private equity have already acquired £2bn of assets under management and are seeking to acquire multiple firms across all parts of the UK.
The Company
Our client company was established 10 years ago and now has offices across the UK. They operate as a holistic firm of independent financial advisers and employee benefit consultants. They are independent whole of market with open architecture allowing client investments to remain on existing mandates.
The firm have strong financials evidenced by their balance sheet and with private equity funding in place can support their growth plans through acquisitions.
They have an excellent acquisition track record having undertaken numerous acquisitions, where they have developed a tried and tested model of retaining clients. The firm are staff centric where they believe if you look after staff well that they will automatically look after clients.
Technology and efficient processes are at the heart of how our client provides a consistent, compliant, and efficient service to their clients. Systems are available through the cloud, meaning all staff and clients can access 24/7 from any environment including app based too! Whilst clients can remain on existing investments there is a requirement to move clients on to their white labelled platform so that clients and advisers benefit from the single key entry which provides streamlined suitability reports and 24/7 access to valuations.
Option – Sell and Stay is ideal if
- You are considering semi-retirement or not quite ready to stop advising yet
- 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 plus potential bonuses for helping uplift any fees
- You would like open architecture to allow your client to migrate on existing mandates where these best meet the clients’ needs, however, have the confidence that the firm’s own discretionary MPS performs well for new investments
- You want deals that are non-contingent to moving clients to in-house DFM / centralised investment proposition
- You would like your staff to stay on post sale
- Won’t rule out a sell and go type deal for the right business but not their preference
- Will consider DB transfers subject to file checks via due diligence where transfer advice meets ‘Gold Standard’
Value
- Normalised EBITDA multiples can range between 5 and 12 times
- Contribution bonus available at year 2 or 3 depending on DFM alignment and fee increases
- Typical 3 year deal – 50% upfront, 10% at year 1, 20% at year 2 and 20% at year 3
- Can potentially look outside of this as each deal is looked at on its own merits
- Happy with both share and asset purchases
Benefits
- 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
- Tried and tested acquisition model which will enable smooth transition of clients to maximise retention
- Advisers and Staff can remain post sale
- Happy with both share and asset purchases
- Will consider DB transfers subject to file checks via due diligence where transfer advice meets ‘Gold Standard’
Criteria
- You must be a Financial Adviser, with over £50m of FuM
- Clean compliance record with no / few upheld complaints
- Average client holdings are irrelevant – all clients will be serviced appropriately
- Happy to look at DB pension transfers that meet FCA ‘Gold Standard’
- Vendor needs to have a cultural fit around client ethics and values shared with the acquirer
Locations
Nationwide
Call us now on 0208 0044 162 or click Apply
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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.