Reference: 21654 | Region: Selling , South East | Price: £360,000 | Funds Under Management: £13,000,000 |
Recurring Income: £118,000 | No of Active Households: 84

This existing IFA firm is looking to complete a segmentation exercise, whereby he will sell all clients with holdings of less than £250,000. As part of his business strategy to focus on clients in excess of £500,000 in the future.

The 84 active households all have client fee agreements and generally have 1% ongoing advice charges, generating £118,000 recurring income, plus retainers of £3,000.

This could provide a great client bank to a local IFA firm looking to build their Funds under Management and client bank.