Reference: 26183 | Region: Selling , South East | Price: £1,800,000 | Funds Under Management: c£45,000,000 |
Recurring Income: c£450,000 | No of Active Households: c80

This South East IFA firm is directly authorised and is currently run by a sole-trader who is looking to sell due to some health concerns. They are eager to de-risk themselves as they do not currently have a locum in place should further health issues develop. They are keen to remain with the business post-sale and continue advising.

The business has FuM circa £45m (£5m in bonds which includes corporate offshore bonds that make up c50% – all held on platforms) and an annual recurring income of circa £450k. They have c80 active households with an average holding per household of c£560k. Their current initial charge for individuals is £2,100, and £3,500 for a family. Their ongoing charge is up to 1%.

The business has serviced office premises, the lease for which is £1,400 per month all-inclusive and is up for renewal in March 2024. They also have an extremely efficient part-time Administrator.

They are seeking a share purchase at a multiple 4x recurring income.