Reference: 25465 | Region: Eastern , Selling | Price: £83,000 | Funds Under Management: £1,500,000 |
Recurring Income: £15,000 | No of Active Households: c400

Small IFA with c£1.5m of FuM looking to sell and retire. The adviser is in their early 70’s and has decided it is time to hang up their boots therefore is looking to sell the business.

Ongoing adviser charges bring in c£11k with an additional £4k coming from pre RDR. Plus, they do c£40k in new business per annum. Majority of clients are aged 50 to 65 with a few aged 75 or over.

Due to the size of the business they are only looking for an asset purchase with a consideration value of c£70k.