The owner of this IFA business has unfortunately passed away therefore their family are looking for a quick sale. Predominantly mortgage business with c30 wealth clients (mixture of individuals and households) which makes up £11m of FuM. Clients are primarily based in London & Home Counties.
The business is an AR of a large network, so all past liability stays with them. Seeking share purchase with a competitive multiple for the wealth book and an additional consideration for the mortgage book. Plus, there is a lot of untapped potential for protection.