Reference: 25137 | Region: Selling , South East | Price: £297,500 | Funds Under Management: c£9,000,000 |
Recurring Income: c£75,000 | No of Active Households: 13

The owner of this IFA firm is looking to exit from Financial Services and start an alternative business in an area they are passionate about. The business has c£9m FuM and a recurring income of around £75k, with an ongoing charging structure of between 0.75% and 1%.

With only 13 active households, the majority of which are based in the Home Countries.

The business has a clean FCA compliance record and no upheld client complaints. The owner of the firm is a Registered Individual via a network, therefore, the buyer would not be liable for any previous advice given. Concerns over client ownership is not an issue as the contract between the owner and the network is clear that clients belong to the Registered Individual.

The ideal purchase price for this business would be a multiple of 4x of recurring income via asset purchase.