The Directors of this directly authorised, independent financial planning business in South Wales are seeking an acquisition via an asset purchase. The main drivers behind their interest in being acquired is due to the ever-increasing cost and burden of the regulation, combined with a desire to spend more time with their families.
This client bank consists of 50 active households, with an average holding of £210k. The ongoing fee income is £55k per annum with potential scope to uplift the ongoing fees through added value. As such, the Directors are open minded to an acquirer with a centralised investment proposition, where it is appropriate for their clients.
Alongside the ongoing fee income, the business produces a modest level of new business income and typically increases FuM by circa £1.5m per year.