Reference: 26268 | Region: Selling , South East | Price: £860,000 | Funds Under Management: £41,000,000 |
Recurring Income: £216,000 | No of Active Households: 100

This IFA firm is based in South East England and is directly authorised. They are looking to sell due to one of the Directors leaving FS to focus more on their family business (which is non-FS) and the other Director doesn’t want the responsibility of running the business as a 1-man band as well as advising. Therefore, is looking to stay on post sale with the acquiring company for up to 5 years.

They have a strong client bank of c100 households with average holdings of c£450k. Historically, their average charge has been 0.5% however have recently upped this charge to 0.75%. The business is generating £216k of recurring with an additional £110k of new business.

Seeking an asset purchase with a multiple of 4x recurring income which is a fair price given the high average holdings. Clean business with no high-risk areas of advice such as DBTs.