Reference: 25914 | Region: Selling , Wales | Price: £105,000 | Funds Under Management: c£6,000,000 |
Recurring Income: c£35,000 | No of Active Households: c30

This directly authorised IFA firm is based in South Wales and is looking to sell so the owner can retire and move.

The business has c£6m FuM and a recurring income of c£35k. They have c30 active households with average holdings c£200k. The average age of their clients is between 60 and 70 years. They have an ongoing charge of 0.5% and their initial fee is 3%.

They have a clean FCA compliance record with no high-risk areas of advice and no upheld complaints.

The owner is seeing an asset purchase and the ideal consideration price for this firm would be 3.5x recurring income.