This directly authorised, independent financial advice business has circa £75m FuM, generating £650,000 of recurring income, plus circa £500,000 of new business income per annum.
They have 500 active client households, predominantly in the North West area. The firm have completed DB Pension Transfers meeting the Gold Standard.
The joint owners are looking to sell due to family health issues, which has caused them to reflect and now seek retirement. They will stay on to ensure smooth transition, aiming for zero loss of any clients. They are seeking either a capital event now or partial sale now followed by a deferred sale of their remaining share