South East based IFAs with c£150m of FuM collectively, looking to sell and stay on with the acquiring firm. The company generates c£900k in recurring income and c£200k in new business annually.
The majority of their clients are based in the South East / Midlands with strong average holdings of c£530k. Average ongoing charge is 0.6%.
The is a clean business with no high-risk areas of advice which is reflected in their PI premium (c£25k pa). They would be looking for a share purchase so they can benefit from Business Asset Disposal Relief