Are you a Financial Adviser in the North West or West Yorkshire with up to £60m of FuM looking to sell your client bank to an established wealth management firm?

The Company

Our client is a well-established IFA firm with offices based near Manchester. They have grown their FuM to £190m with 5 advisers and 4 support staff.

The firm with 7 figure turnover, have strong financials with funding in place to support their growth plans through acquisitions.

They provide tailored, professional financial advice. They pride themselves on the personal nature of their service. They see the majority of their clients face to face (c80%) and service the rest remotely. They hold DB permissions therefore are not put off by firms that have advised on a small number of DBTs.

 They won’t look to make any changes to adviser fees for c12 months. Tiered ongoing charging structure for new clients of 1% up to £100k, 0.75% £100k to £500k and 0.5% thereafter. Typical TERs are 1.4%.

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 within an stablished wealth management business with open architecture

Option – Sell and Stay

This is ideal if:

  • You are considering semi-retirement
  • You would like to give up running your advisory business, however, not ready to stop advising
  • You want to create a capital event with a highly competitive price for your business with ongoing remuneration for continuing to advise
  • You would like open architecture to allow your client to migrate on existing mandates where these still best meet the clients’ needs

Value

Highly competitive offering. Generally a multiple of up to 4x of ongoing fee income with payments over 2 years, however will consider payment structures of just 12 months.

Benefits

  • Open architecture to leave clients on existing mandates for a minimum of 12 months
  • Deals are non-contingent to moving clients to in-house DFM / centralised investment proposition
  • Honour existing charging structures for at least the first 12 months
  • Preference for asset purchases
  • Will consider DB transfers subject to file checks via due diligence where transfer advice meets ‘Gold Standard’
  • Will consider retaining staff / office

Criteria

  • You must be a Financial Adviser up to £60m of FuM
  • Clean compliance record with no / few upheld complaints
  • Will consider DBTs subject to sufficient due diligence

Locations

North West / West Yorkshire 

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.

Required Qualifications/Criteria

  • You must be a Financial Adviser up to £60m of FuM
  • Clean compliance record with no / few upheld com
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