The Company

This Acquirer is a registered individual of a directly authorised independent financial advice business. They own their own client bank of £12m FuM generating £80k of RI (average 0.75%) and are seeking to acquire a client bank to top up their personal portfolio of clients by an additional £8m. Therefore, they are not looking to take over any premises or existing staff.

With prior acquisitions experience, this acquirer has a proven model to ensure a smooth transition for clients and maximise retention. They are willing to honour existing charging structures during the deferred buyout period and deals are not contingent on clients moving to CIP.

They are seeking to acquire a client bank with a recurring income of between £50k and £60k via an asset purchase, and their preference is for Sell and Go.

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 of recurring income up to 4x for a quality client bank

Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% 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
  • Tried and tested acquisition model which will enable smooth transition of clients to maximise retention
  • Asset purchase
  • Funding in place to cover the upfront payment of c50% of consideration price

Criteria

  • You must be a Financial Adviser, with ongoing recurring income of up to £50k and £60k
  • Clean compliance record with no / few upheld complaints

Locations

West Yorkshire / South 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.

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