Reference: 27469 | Region: Selling , South East | Price: c£190,000 | Funds Under Management: £11,000,000 |
Recurring Income: £55,000 | No of Active Households: 40

This self employed IFA is in their late 60’s and looking to find a new home for their clients and create a capital event. Ideally, they are wanting to stay on post sale with the acquiring firm for another 2 years as they aren’t ready to retire just yet.

Client bank consists of c40 households with average holdings of £275k. The business has c£11m FuM which generates £55k in recurring income.

They are a sole trader so this will be an asset purchase meaning you won’t be taking on any of the past advice liability and they can still benefit from BADR. Albeit, this is a very clean business with no high risk areas of advice.