Our client is a long-standing IFA, who is now looking to retire. He has built a successful business serving professional clients in the South East and London. This is a wonderful opportunity to purchase a ‘ready to go business’ and merge it into an established operation.
The firm overall has £50m FuM with active households and additional £20,000,000 legacy commission. As a team, they generate over £550,000 turnover, of which £300,000 is recurring income.
The Principal IFA and Owner would like to do a professional handover of clients and then exit the business within 12 – 24 months of purchase. His personal client bank of £27,000,000 FuM has average holdings in excess of £300,000 and generates £150,000 recurring income.
In addition, the business has a few self-employed Advisors advising on financial planning and mortgage, who would likely stay on post sale and benefit from an acquirer investing time with their development.
The business prides itself on delivering high quality outcomes to its clients and has an active service programme in place to ensure that all clients are reviewed at least annually.