Are you a Retiring Financial Adviser in South Wales looking to sell your client bank to an established wealth management firm?

The Company

Established over 15 years ago with offices based in South Wales, our client is part of a directly authorised IFA firm that looks after £100m of FuM. The chartered individual who is looking to acquire the client bank, solely looks after c£50m of the FuM.

Offering independent financial advice with open architecture to enable clients to stay invested on existing investment mandates

They have an excellent acquisition track record by having undertaken four previous acquisitions, where they have developed a tried and tested model of retaining clients. They have strong financials evidenced by their balance sheet to support their growth plans through acquisitions.

Option – Sell and Go

This is ideal if:

  • You are considering retirement
  • You want a fair and highly competitive price for your client bank
  • You would like a structured, simple handover that is sensitive to your clients
  • You only want to deal with a financially sound and highly reputable Independent Financial Advisory firm
  • You want your clients to be looked after by local IFAs

Value

Generally a multiple of 3.5x to 4x of ongoing fee income.

Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% at 24 months

Benefits

  • Independent Financial Advice
  • Open architecture to leave clients on existing mandates whilst new relationships are built with advisers
  • Deals are non-contingent to moving clients to in-house DFM / centralised investment proposition
  • Honour existing charging structures during the deferred buyout period
  • Tried and tested acquisition model which will enable smooth transition of clients to maximise retention

Criteria

  • You must be a Financial Adviser, with between £10m to £20m of FuM
  • Clean compliance record with no / few upheld complaints
  • Preferably seeking an Asset purchase

Locations

South Wales

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.

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