Reference: 1727 | Region: North West , Selling | Price: £2,200,000 | Funds Under Management: c£60,000,000 |
Recurring Income: c£277,000 | No of Active Households: 150

The owner of this network authorised IFA firm is looking to sell their business and retire. The firm has c£60m FuM and a RI of around £277k.

They currently have 150 active households with an average client age of 60 years old and an average holding per household of c£400k. Their current ongoing charge ranges between 0.2% and 0.75%.

The owner of the firm has previously completed a number of DB transfers however these transfers were completed for other firms prior to the founding of the business or as referrals from external advisers. None of the DB transfers consisted of high-risk schemes and the owner has an active run-off policy. The Acquirer will not inherit any liability for these DB transfers as it will remain with the network or with previous firms.

They are seeking an asset purchase and we were able to achieve the seller over £2.2m consideration.