Reference: 22310 | Region: North East , Selling | Price: £600,000 | Funds Under Management: c£23,000,000 |
Recurring Income: c£150,000 | No of Active Households: 87

The owner of this North East based IFA firm is highly-client focused and is looking the right Acquirer for their clients so they are able to retire. It is necessary for the Acquirer of this firm to have knowledge of SASS / SIPPs as a number of this firm’s clients have these pension schemes.

The business currently has c£23m of fee earning FuM and c£16m non-fee earning FuI. The owner would be willing to co-head meetings with the Acquirer to introduce fee based ongoing advice with relevant clients.

The recurring income of the business is c£150k based on the fee-earning FuM. The average holding of the 87 active clients being charged is c£275k.

The business has an Administrator/PA who has equal shares in the firm and undertakes all back office house duties. This person is eager to remain with the business post-sale )non-contingent requirement) and would be beneficial in supporting a smooth transition as well as maximising client retention due to their close relationship with the firm’s clients.

The ideal purchase price for this firm is 4x recurring income and the owner is seeking an asset purchase.