This directly authorised financial advisory business was established over 20 years ago, however is now looking to sell due to ill health.
The client bank has average holdings of circa £200,000. In addition to the £23m of Funds under Management, there is an additional £27,000,000 of Funds under Influence that is not generating ongoing fees which provides uplift potential.
They have a number of corporate connections which pay retainers for advice and also presents significant new business potential. The business has reached a point where they turn clients away because they are so busy and rarely utilise other available products and services, therefore significant new business opportunity for a proactive acquirer.
The business does have administration staff that could be taken on by the acquirer.