Are you a Financial Adviser firm based between the South East and South Midlands looking to sell or merge your business and continue advising?
Our client company was founded with over 115 years of history behind them and is an ambitious and extremely well-established independent wealth management firm. They have an impressive £230m FuM, 60% of which is discretionary managed.
The business has recently partnered with another firm and is able to offer their clients a range of services, including accountancy tax advice, corporate financial planning, and personal wealth management advice. They have previous acquisitions experience, having successfully completed deals in the past, and have robust cash funding in place to support their development plans.
This directly authorised company has their own inhouse compliance management, a team of 11 financial planners (many of which are Chartered) plus 6 Chartered Investment Managers. In line with their goals, the company is looking to increase their team and is therefore seeking to acquire an IFA business with a team of advisers who are eager to remain post sale.
The firm is offering Open Architecture to enable clients to stay invested in existing investment mandates, and deals are non-contingent on moving clients to their inhouse DFM, unless in the clients best interests. They are willing to consider DBT’s, subject to sufficient due diligence.
Preferred Option is Sell and Stay (not interested in retirement sell and go sales)
This is ideal if:
- You are considering a capital event by way of merger / takeover with a forward thinking fully independent integrated financial advice, investment management, and stockbroking firm, whose wealth management division is linked to one of the UK’s leading accountancy, tax and business advice groups
- You would like to give up running your advisory business, however, not ready to stop advising
- You want to create a capital event with a highly competitive price for your business with ongoing remuneration under TUPE of existing terms or improved corporate remuneration and employee benefits
- You would like open architecture to allow your client to migrate on existing mandates where these best meet the clients’ needs, however, opportunity for clients to receive professional ongoing investment reviews through Chartered Investment Managers
Generally a multiple of 3.5x to 4x of ongoing fee income.
Or a multiple of 5x – 9x EBITDA
Typical deal structure of 50% upfront on completion, 25% at 12 months and 25% at 24 months
- Independent Financial Advice
- Open architecture to leave clients on existing mandates whilst new relationships are built with advisers
- Deals are non-contingent to moving clients to centralised investment proposition
- Tried and tested acquisition model which will enable smooth transition of clients to maximise retention
- Open to share and asset purchases
- Will consider DB transfers subject to file checks via due diligence where transfer advice meets ‘Gold Standard’
- For staying advisers – yearly salary typically of between £50k and £60k and 30% share of business up to £30k, above that advisers will receive 35% overall
- You must be a forward thinking Financial Adviser firm looking to sell and continue advising
- Clean compliance record with no / few upheld complaints
- Will consider DBTs subject to sufficient due diligence
Northampton to the South East such as Thames Valley. Reading and Kent as far as Peterborough and Birmingham.
Call us now on 0208 0044 162 or click Apply
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