Reference: 22439 | Region: Selling , South East | Price: c£4,000,000 | Funds Under Management: £150,000,000 |
Recurring Income: c£900,000 | No of Active Households: c280

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