Are you a Retiring Financial Adviser with £10m+ FuM and looking to sell your client bank to a long established wealth management firm with over 60 acquisitions under their belt for a market leading 5x recurring income (4x upfront guaranteed!)?

The Company

Our client company is a leading financial planning led IFA and Discretionary Wealth Management firm with over 30 years heritage of providing independent financial advice. Financially strong following its takeover by an American Private Equity Firm with deep pockets for ongoing acquisition purchases; whilst having very little interference from the equity partners with the running of this business which remains firmly with the experienced founder and its formidable management team. This partnership brings a strong strategic and cultural fit which is client centric thus benefitting all stakeholders to continue to grow market share through further acquisitions. With its Head Office based in the Midlands, it has 13 additional offices across the UK. Providing wealth management and financial advisory services to over 20,000 clients in the UK. These services are delivered by 220 financial advisers and 450 support staff. They now look after £8bn of FuM and are looking to further expand. This company is highly profitable and cash generating as well as having substantial funding available, meaning that they have a robust financial standing for vendors seeking financial protection. They have an excellent track record with over 60 acquisitions under their belt with a first-class retention rate of clients, which means your clients will be well looked after! Whilst the firm have their own white labelled platform and in house discretionary managers they continue to provide full independent financial advice where around 2/3rd of their total assets are held on open architecture and 1/3rd managed by their own fund managers. Thus proving that clients interests come first!

Option – sell and go

This is ideal if:

  • You are a financial advisor looking to retire and want to exit on completion, leaving all the transition processes to the Acquirer
  • You want a market leading price of 5x your existing recurring income for your client bank
  • You want a market leading payout on completion – 4x current RI is payable on completion (guaranteed)
  • With the remaining 1 times RI payable after 3 months (post novation)*
  • * potential clawback of this 1 x is only exercised where the recurring income post sale drops by 25% or more during the first 12 months
  • You only want to deal with a financially sound and highly reputable Independent Financial Advisory firm
  • Looking to be fully paid out in 3 months (market leading) and you are able to simply walk away leaving everything to the Acquirer!

Value

  • You will be paid 4x upfront on completion which is guaranteed. You will then receive an additional 1x post novation (3 months) taking the overall consideration to 5x.
  • However, if recurring income is below 75% then 1x will be clawed back.

Benefits

  • Proven track record in both acquisitions and retaining clients
  • Fully independent offering with open architecture so they are happy to keep clients on existing mandates unless it is in their best interests to be moved
  • 5x is market leading
  • You will be fully paid out in 3 months which is market leading
  • Peace of mind knowing your clients will be well looked after once you have sold
  • Light touch due diligence as these are asset purchases

Criteria

  • You must be a Retiring Financial Adviser with c.£10m+ FuM (no upper limit)
  • You must have a clean business with no real high risk areas of advice which could present reputational risk

Locations

Nationwide

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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