Reference: 20459 | Region: Selling , Yorkshire & The Humberside | Price: £1,000,000 | Funds Under Management: £23,000,000 |
Recurring Income: £295,000 | No of Active Households: 120

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.