Reference: 18929 | Region: Eastern , Selling | Price: £270,000 | Funds Under Management: £22,000,000 |
Recurring Income: £90,000 | No of Active Households: 115

This Financial Advisor is seeking an acquirer to takeover the servicing of his clients, so that he can retire after a fulfilling career.

The client bank has an average holding of £190,000, which generates recurring income of £90,000. Plus, new business income of £45,000 per annum. The business also benefits from professional introducers who refer clients for financial planning.

There is a part-time Administrator which knows all of the clients well, which could be taken on by the acquirer, if desired.

In addition, there is another Financial Advisor of retirement age who operates as an AR of this business, generating modest income, which may or may not wish to stay on and could be explored further.