This well-run IFA business is appointed representatives of a network that has been acquired so they have received notice that the network will be closing. The acquirer taking over the network have made them an offer however they want to explore other options before making a decision. The business has only 1 IFA with a strong back office
The owner of this directly authorised business is looking to sell and retire. They have a self-employed registered individual (RI) in the business who owns their clients and isn’t ready to sell and retire yet but they do generate c£32.5k of income per annum for the owner in fees. Plus, the RI is in their 70’s therefore, they should be op
This Financial Adviser is in their 60’s so is looking to retire and find a home where there will be a significant amount of continuity for the clients moving forward. Their client bank consists of c110 households with average holdings of £252k. They manage c£27m of FuM which generates £110k in recurring income. Typical ongoing charge is
This Financial Adviser is in their 70’s and is looking to sell their client bank and retire. They are a sole trader under an RI contract therefore they are seeking an asset purchase which is beneficial for an acquirer as you won’t be taking on any past risk. Albeit this is a very clean, vanilla client bank with no high risk areas of advi
This Financial Adviser is in their 70’s and is looking to retire. The business is directly authorised and based in York. This could suit someone seeking a small Directly Authorised business to facilitate a change in control to take over the permissions. Equally, the vendor is open to an asset purchase too with a multiple of c3x recurring
This Financial Adviser is looking to sell their client bank by early 2025. They are in their 60’s and are now considering their retirement options. They are keen for their administrator to be kept on post sale which would benefit an acquirer as they have had a lot of client contact therefore, they have a great rapport with clients and wo
This Financial Adviser is looking to retire from the Investment / Pension business however would still like to carry on advising on mortgages and protection. Total turnover for the business last year was c£72k with roughly 45% (£32.4k) of that coming from mortgages / protection. This is a unique business in that they charge clients an ag
This Financial Adviser has c£27m of FuM and is looking to sell their business and retire. They are in their 60’s and have become tired of all the regulatory requirements that come with being directly authorised. Charging structure is mostly 0.5% ongoing with some clients on slightly less. Total turnover for the business is c£150k
This Financial Adviser is in their 70’s and is looking to retire. They are looking for an acquirer who will look after their clients as they have done so for many years (still have their very first referral as a client). They mainly provide a f2f service for clients given the HNW nature of them so is looking for an acquirer who can provi
This self employed Financial Adviser is looking to sell their client bank and retire as they are in their mid-60’s. They are a sole trader so it will be an asset sale with a purchase price of c£80k which works out to 3.5x recurring income. They have £2.2m of FuM all on Novia, generating c£23k of recurring income. Their client bank consis
