Reference: 26815 | Region: Northern Ireland , Selling | Price: c£55,000 | Funds Under Management: £3,000,000 |
Recurring Income: £15,000 | No of Active Households: 30 individuals

This directly authorised general practice IFA and mortgage advice business has been established for over 30 years and is based in Belfast. The owner of the business is in their 70’s but is in good health therefore looking to continue advising post sale.

This is a small investment client bank with c£3m of FuM (£2m on Aviva) generating £15k of recurring income. They have 25-30 clients on ongoing fee agreements however the overall number of transactional clients is c1,000. Ongoing fee of 0.5% so there is potential for uplift. Turnover is c£120k.

Clean, vanilla business with no high-risk areas of advice which is demonstrated by their low PI premium of £2.6k.