Are you a Financial Advisor with up to £100m Funds Under Management looking to retire and want to sell to an IFA practice with open architecture with no immediate changes to investments or charges?
Sell and stay
Would be happy to look at an Advisor staying on post sale for up to 2 years. They typically pay their advisors a £50k basic and 33% of new business.
Sell and retire
This would suit Financial Advisors considering retirement and would like to support the client handover process in an Authorised or Ambassadorial capacity.
Acquisition Deal Value
Will pay between 3.5 and 4 times recurring income.
This is ideal for Financial Advisors:
- Are considering retirement and want your clients to be looked after by an independent financial advice firm
- Only want to sell to a firm with equity funding in place
- Want an acquirer to build relationships with clients without any hurry to change investment mandates or charges
- Their sweet spot is IFA practices either <£50m or £50m to £100m. Their goal is to create hubs with £50m FuM and grow them to get to £100m.
The Company
This group company was set up to acquire well run IFA businesses with typically up to £100m of FuM. With an experienced board of directors from a stock broking and hedge fund background together with two high profile NED’s who joined the board of advice with experiences as CEO of one of the UK’s largest discretionary fund managers and the other as a board director of a British Multi-National Insurance company and leading life and pensions provider the firm started their acquisition programme in 2017. With £100m of AuM and further £100m in pipeline this company has the backing from a highly respected capital funder to support their business plan to build and scale to £1bn of AuM within the next 3 years.
The firm eyes further acquisitions from sole adviser firms to those with AuM of up to £100m in its attempt to grow.
Headquartered in South West London, also has a presence in South London, North West London and North East London and pipeline of deals that will expand into the Midlands, South East and South West of England.
The firm provides advice to clients with investable assets of £100,000 or more and offers its services on pensions, tax and estate planning, alternative investments, property, Isas, managed investment portfolios, insurance and protection.
Their experience delivers a scalable business and focuses on good customer outcomes through digital technological advances.
The board’s experience in running and growing some of the UK’s largest investment management companies ties in very well with their plans to expand by acquisition and their commitment to the customer experience.
As part of the group, they run a discretionary fund management company running UCITS, bespoke DFM and MPS with over 20 funds. Any acquisition deal in non-contingent on moving assets from existing investment mandates unless in the client’s best interest to do so. Adviser charging is 0.75%, although acquired clients can stay on existing charging structures.
The firms’ ideal situation is where the vendor stays post sale in either an authorised or ambassadorial role during the transition of client relationships.
IFA Client Bank Criteria
- Their sweet spot is IFA practices either <£50m or £50m to £100m. Their goal is to create hubs with £50m FuM and grow them to get to £100m.
- Average holdings c.£200k but not a deal breaker
- Would consider share or asset purchases
- Open to firms who have done DB Transfers as long as it is under 10% of their FuM and subject to due diligence
Benefits
- Independent advice with open architecture
- Financially strong with equity funding
- Deals are non-contingent to moving clients’ investments or charges
Locations
Nationwide
Call us now on 0208 0044 162 or click Apply
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