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