This sole trader, IFA firm is seeking retirement. Finding an acquirer who shares the same values is of upmost importance, so that he has confidence his clients will maintain same level of service post retirement. Recent events have caused the owner to reflect and been the catalyst towards enjoying a well-deserved retirement.
The Retiring IFA would be happy to remain available in an Ambassadorial role to assist a smooth handover.
Average client holdings of circa £350,000, with average ongoing charge of 0.56%. Typically, clients are company Directors and entrepreneurs. Top 5 clients total £5m FuM. In addition, the owner actively identifies new business and generates circa £60,000 pa through an initial fee of up to 3%.
The owner is looking for an asset purchase with 3.75x to 4x recurring income.