Reference: 22694 | Region: Selling , Wales | Price: £175,000 | Funds Under Management: £10,500,000 |
Recurring Income: £50,000 | No of Active Households: 90

This South Wales IFA firm is seeking retirement in early 2022, through an acquisition based on 3.5x recurring income, paid over 24 months. The retiring IFA puts a high value on the acquiring firm being aligned in culture, to ensure the clients continue to receive great service.

The business has £10.5m FuM generating £50k of recurring income, therefore long-term opportunity for uplift within these clients. However, it is important for the retiring Financial Advisor that an acquirer doesn’t immediately move clients into another proposition.

The business has a clean history, with no complaints, breaches nor any DB pension transfer advice