Reference: 26746 | Region: Selling , South East | Price: c£385,000 | Funds Under Management: £17,000,000 |
Recurring Income: £110,000 | No of Active Households: 40

Surrey based IFA looking to create a capital event and stay on with the acquiring firm in an employed capacity for c3-5 years. They have c£17m of FuM which is generating £110k in recurring income.

Their client bank consists of 40 households mainly based in or around Surrey with strong average holdings of £425k. Typical ongoing charge is 0.75% however for HNW clients they charge 0.4% or 0.5%.

This business is directly authorised and has been established for c10 years. They are looking for a share purchase ideally so they can benefit from Business Asset Disposal Relief. This is a clean, vanilla business with no high risk areas of advice which is demonstrated by their low PI premium of £2.4k p.a.