Are you a Retiring Financial Adviser with up to £40m looking to sell your client bank?
The Company
Our client set up their company in 2015 and are based in Cheshire. They are part of a network and have been working in a supervisory position alongside running their own business. They are now looking to focus solely on growing their client base organically and through acquisitions. They have overseen a number of acquisitions through the network and have a good understanding of the process.
Offering independent financial advice with open architecture to enable clients to stay invested on existing investment mandates
The firm have strong financials with funding in place to support their growth plans through acquisitions.
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
Value
Generally a multiple of 3.5x to 4x of ongoing fee income.
Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% at 24 months or 60% upfront on completion, 20% at 12 months and 20% at 24 months
Benefits
- Independent Financial Advice
- Open architecture to leave clients on existing mandates whilst new relationships are built with advisers
- Deals are non-contingent to moving clients to in-house DFM / centralised investment proposition
- Honour existing charging structures during the deferred buyout period
- Asset purchases
Criteria
- You must be a Financial Adviser, with up to c£40m of FuM
- Clean compliance record with no / few upheld complaints
Locations
North West
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.