Reference: 27503 | Region: Selling , South East | Price: c£440,000 | Funds Under Management: £27,000,000 |
Recurring Income: £110,000 | No of Active Households: 50

This Financial Adviser has c£27m of FuM and is looking to sell their business and retire. They are in their 60’s and have become tired of all the regulatory requirements that come with being directly authorised.  

Charging structure is mostly 0.5% ongoing with some clients on slightly less. Total turnover for the business is c£150k with £110k coming from recurring income. Their client bank consists of c50 households based with strong average holdings of c£500k. Majority are based in the South East but naturally clients move around. Their largest client who has £2.3m invested is based in Edinburgh plus they have clients in Carlisle, Newcastle, Derbyshire and Leicester.

This is a vanilla, low risk business which is demonstrated by the low annual PI premium of £3k. Ideally seeking Share purchase so they can benefit from BADR.