This IFA is looking to sell their client bank and retire after almost 35 years in the industry. Originally, their plan was to pass their clients over to their son however these plans have now changed as the son is looking to relocate abroad following a stink travelling, hence why they are looking to sell.
They manage c£14m of FuM with 2/3rds on Quilter. This is generating c£120k in recurring income. Their client bank consists of 72 households predominantly based in Cornwall.
Clean business with no high risk areas of advice. Ideally seeking a share sale with a multiple of 3x to 3.25x recurring income