This Financial Adviser is in their 60’s so is looking to retire and find a home where there will be a significant amount of continuity for the clients moving forward.
Their client bank consists of c110 households with average holdings of £252k. They manage c£27m of FuM which generates £110k in recurring income. Typical ongoing charge is 0.5%.
As this adviser is a sole trader it will be an Asset Purchase and the acquirer won’t be taking on any of the past advice liability.