Are you a Financial Adviser with £10m+ FuM and looking to de-risk yourself by selling your clients to a well-established wealth management business for 5x recurring income paid upfront and stay on to service your book with an excellent employed remuneration package?

The Company

Our client company is a leading financial planning led IFA and Discretionary Wealth Management firm with over 30 years heritage of providing independent financial advice. Financially strong following its takeover by an American Private Equity Firm with deep pockets for ongoing acquisition purchases; whilst having very little interference from the equity partners with the running of this business which remains firmly with the experienced founder and its formidable management team. This partnership brings a strong strategic and cultural fit which is client centric thus benefitting all stakeholders to continue to grow market share through further acquisitions. With its Head Office based in the Midlands, it has 13 additional offices across the UK. Providing wealth management and financial advisory services to over 20,000 clients in the UK. These services are delivered by 220 financial advisers and 450 support staff. They now look after £8bn of FuM and are looking to further expand. This company is highly profitable and cash generating as well as having substantial funding available, meaning that they have a robust financial standing for vendors seeking financial protection. They have an excellent track record with over 60 acquisitions under their belt with a first-class retention rate of clients, which means your clients will be well looked after! Whilst the firm have their own white labelled platform and in house discretionary managers they continue to provide full independent financial advice where around 2/3rd of their total assets are held on open architecture and 1/3rd managed by their own fund managers. Thus proving that clients interests come first!

Option – sell and stay

This is ideal if:

  • You are an advisor looking to de-risk yourself with the ever-increasing demands from the FCA and consumer duty
  • You want a market leading price of 5x recurring income* for your client bank
  • *Where you uplift your clients to a higher percentage service fee you will benefit by increasing the run rate of recurring income which will be used when calculating 5x
  • You only want to deal with a financially sound and highly reputable Independent Financial Advisory firm
  • You want market leading payment terms where you will be fully paid out as soon as all clients have been moved across – typically 3 to 6 months

Value

  • 5x of ongoing fee income
  • You will be paid whenever you finish signing clients up with a backstop date of 12 months.
  • You will also be paid on the run rate of your recurring income so if you manage to uplift any clients from say 0.75% to 1%, you will then receive 5x on the new 1% income.

Benefits

  • De-risks you while monetising your client bank
  • Proven track record in both acquisitions and retaining clients
  • Paid out in 12 months or sooner. Some Advisors are fully paid out in 3 to 6 months
  • A fantastic company to sell for market leading multiple of recurring income and stay on with an excellent salary and bonus / benefits package
  • Fully independent offering with open architecture so they are happy to keep clients on existing mandates unless it is in their best interests to be moved
  • As an IFA with this company post sale, you will receive complete support with specialist Administrators, Paraplanners, Compliance Managers!
  • As the booking of client appointments, research, report writing, client investment management reviews are all undertaken for you, you will have more time to spend with clients
  • Peace of mind knowing your clients will be well looked after with excellent service propositions
  • Light touch due diligence as these are asset purchases

Criteria

  • You must be a Financial Adviser with c.£10m+ FuM
  • You must have a clean business with no real high risk areas of advice which could present reputational risk

Locations

Nationwide

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.