Reference: 26805 | Region: Selling , Yorkshire & The Humberside | Price: c£630,000 | Funds Under Management: £47,000,000 |
Recurring Income: £180,000 | No of Active Households: 320

This is a jointly owned IFA business, and both Directors are looking to sell as they have other non-FS business interests and subsequent incomes. Therefore, they do not need to continue working 5 days a week and are looking to exit the industry.

The firm has c£47m of FuM with just over £27m on Prudential and over £10m on Royal London. The business generates c£180k in recurring income. Plus, c£100k of new business per annum which mainly comes from referrals from their other business. Their client bank consists of c320 households mainly located in South Yorkshire.

Ideally seeking share purchase to benefit from BADR. This is a clean, vanilla business with no high risk areas of advice.

Majority of clients are on 0.5% but clients with £1m or above are on 0.25% and the average is 0.38%