Are you a Financial Advisor / IFA firm looking to sell your business due to retirement or exit from Financial Services industry?
Are you looking for your clients to be looked after by a financially robust firm with open architecture and no intention to shoehorn clients investments.
Sell and retire
This would suit Financial Advisors considering retirement and would like to support the client handover process in an ambassadorial capacity. It would suit smaller 1-2 adviser firms.
Acquisition Deal Value
Competitive multiple of recurring income of generally between 3 and 4 times over a 2 year period with 50% on completion, 25% at 12 months and 25% at 24 months. However, can have some flexibility on the payment terms.
This is ideal for Financial Advisors who:
- Are considering retirement and want your clients to be looked after by an independent financial advice firm
- Only want to sell to a firm with the funds available in the bank
- Want an acquirer to build relationships with clients without any hurry to change investment mandates or charges
- Want an Acquirer to provide an ongoing investment proposition for all clients regardless of size, bringing added value through building a “technology-enabled national advice business” which can deliver a holistic and hybrid advice service to mass affluent customers.
IFA Client Bank Criteria
- They are happy to look at client banks of any size up to £100m FuM.
- Ideally would prefer asset purchases to bolt into their existing hubs.
- Will consider businesses with DB’s as long as they meet their standards and are under 20% of their FuM
- Not picky on average client holdings and will look at firms with average holdings of c£100k+ per household
The Company
This is a new exciting consolidator backed by private equity which was formed in 2020 by 2 individuals who are high experienced and accomplished within Financial Services and have a successful and sound acquisition track record. They have already made major acquisitions which has taken their combined funds under management to over £5bn. Looking to acquire businesses up to £100m which they can bolt onto existing hubs.
Financial Advisor Client Acquisition Benefits
- Independent advice with open architecture
- Extremely strong financials to cover deferred payments
- Highly competitive multiples
- Simple deal structure – 50% on completion, 25% at 12 months and 25% at 24 months
- Deals are non-contingent to moving across to their CIP
- Dedicated acquisition team to support the smooth transition of clients to maximise retention
Locations
- North East
- North West
- Cheltenham
- Warwickshire
- London
- Reading
- South Coast
- Yorkshire
Call us now on 0208 0044 162 or click Apply
Liability and Disclaimer
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.