This owner of this business is nearing 60 years old and is looking to sell and retire. They manage c£55m of FuM which is generating c£300k in recurring income (average ongoing fee is 0.55%). Servicing c110 households all located in and around Yorkshire with an average age of 66.
Ideally, they are wanting an acquirer who will retain their 2 employees post sale; a Financial Adviser and a Paraplanner.
Clean vanilla business with no high risk areas of advice. Seeking share purchase so they can benefit from business asset disposal relief.