Reference: 25983 | Region: Midlands , Selling | Price: £520,000 | Funds Under Management: £24,000,000 |
Recurring Income: £130,000 | No of Active Households: 65

The owner of this directly authorised IFA firm is looking to create a capital event and either stay on with the acquiring firm or is equally happy to leave the industry and try something new. The adviser is currently managing c£24m of FuM which generates £130k in recurring income. This client bank consists of c65 households so there is fantastic average holdings per household of £369k. Another benefit is the majority of clients are in their 50’s.

This is a clean business with no high-risk areas of advice which is demonstrated by their low PI premium of £3240 p.a.