Reference: 23862 | Region: Selling , South West | Price: £584,400 | Funds Under Management: c£31,000,000 |
Recurring Income: c£172,000 | No of Active Households: 148

This South West based IFA business is looking to sell as the owner is considering retirement. This is a network authorised firm meaning there is little risk for the Acquirer as the network stands behind all advice given. The business also has a clean FCA compliance record and no high risks areas of advice.

The business currently has c£31m FuM and a recurring income of around £172k. They have 148 active households with an average holding per household of over £200k. Most clients are aged between 50 and 70 years old, with some aged over 75. The firms ongoing charge is 0.5% however, new clients have been moved to 0.75%.

The ideal purchase price for this firm is 3.5x to 4x of recurring income and the owner is seeking a share purchase.