About Tomorrow - the IFA broker
T omorrow is a lead advisory firm providing a nationwide retiring IFA market place for buyers and sellers. An opportunity for those wishing to leave the industry to achieve that exit and a source of acquisition prospects for the growth orientated. See our current IFAs for sale.
For the seller
Viable exit strategies to maximise capital value immediately or over a determined period tailored to individual circumstance and aspirations.
For the buyer
Commercial opportunity accessing a nationwide portfolio of acquisition prospects ranging from the most modest sole trader through to market leaders.
A unique, discrete and totally confidential partner led service on every transaction in the retiring IFA marketplace.
Experience - the ability to understand and relate to commercial and operational issues facing both buyer and seller.
Independence - as brokers within the retiring IFA arena only our sole focus is on core skill sets.
Knowledge - dedicated research provides up to date market information and transaction data complimenting sector knowledge and M&A experience.
Confidentiality – discretion and confidentiality assured.
Relationships - mutual trust and confidence. We pride ourselves on the partnerships created with clients and the confidence they have in our team.
Commitment - exceeding expectations and delivering tangible results in all that we do.
Our Approach - creativity, tenacity and proven abilities are enhanced by an instinctive commercial flair leading to innovative solutions.
Six of our
Six case studies for recently completed business sales within the IFA sector where Tomorrow acted as lead advising broker.
We’ve helped them, now let us help you.
Leading Independent Wealth Management / Financial Advisory Firm.
Two offices within 30 miles in leading business centres. £250m FUM.
£1.7m Recurring Income.
2 Directors & 5 Advisers.
Established 30 years.
Investment, Pensions, Protection & Mortgage services to over 1,000 clients.
Some “high risk” product sales incl 300 DB Pension cases during past 5 years.
“Sell & Go” enabling the Directors retirement and a capital event with ETR eligibility via a Share Sale at market rate.
Headline consideration of £6.5m. Payment terms deferred over a 24 month term - 50% at the completion date followed by 25% at the 12 and 24 month anniversaries subject to adjustment for client slippage. Share sale. Retention of vendors existing offices premises. Employment contracts provided to advisory and technical staff.
Leading National IFA / Wealth Manager. £6bn AUM. Independent business model. 12 Offices throughout the UK. Private Equity backing. Timetable to completion - 3 months.
Long established Directly Authorised financial advisory firm incl DFM.
Two Directors, 4 Pension & Investment & 2 Mortgage & Protection advisers.
c£120m FUM. £710K Recurring Income.
Advisory & Discretionary Permissions.
1,200 active clients within a defined regional location.
Strong branding & presence within the local business community. Good professional connections. Sophisticated IT systems.
Wishing to pursue commercial interests outside of the Financial Services sector the Directors invited interest from acquirer firms with a commitment to, and existing client servicing capabilities within, the same area. Market rate buyout terms were expected as a share sale.
Headline consideration of £2.45m. Payment terms deferred over a 24 month term - 33% at the completion date followed by 33% at the 12 and 24 month anniversaries. Vendor offices retained within a separate legal contract. Selected technical and advisory staff provided new employment contracts.
Wealth Management Firm with strong presence in the same County. Annual turnover c£5m - £500m AUM. Surplus adviser capacity so able to service acquired clients.
LLP Chartered Financial Planners.
£160m FUM. Recurring income £785k.
500 actively reviewed clients.
4 Advisers / Partners (self-employed) - all Chartered status.
4 Para-planners. Impeccable systems & processes.
Profitable. Robust balance sheet.
Strong presence within an area of HNW client demographics.
Retirement planning for each partner to accommodate different ages and industry exit ambitions. Desire to join a larger organisation to benefit from shared resources and economies of scale. Capital event to de-risk personal gearing / extinguish mortgages.
Structured plan to migrate from LLP to Ltd Company status. Valuation based on a 7.5 times multiple of normalised EBITDA paid in instalments over a 48 month term. Ongoing employment for all staff with incentives for performance and key milestones. Secondary buy-out model providing future capital event upon achievement of pre-agreed growth metrics.
One of the largest Chartered Financial Planning firms in the UK. Award winning. £1.1bn AUM. 68% recurring revenue. 65,000 active clients. Contemporary approach to client servicing using IT, innovation and best practice.
IFA division for a multi-office regional firm of Chartered Accountants.
Recurring revenues of c£270k.
125 loyal & longstanding clients.
2 Diploma qualified advisers plus support team including para-planners.
Shared purpose and resources with the Accountancy partners providing referrals and introductions.
Retirement planning for the advisory staff in conjunction with a strategy to return the Accountancy firm to core trading activities. Capital event to benefit the financial advisers and provide an investment to support growth plans via acquisition within the Accountancy market.
Headline consideration achieved at a 3.25 times multiple of recurring income - £877k. Payment terms deferred over a 24 month period in 3 instalments (50:25:25) and subject to adjustment for client slippage. Immediate retirement for one adviser. 5 year
employment contract for remaining adviser. Share purchase enabling vendors eligibility for ETR. Introducer agreement with the Accountancy firm providing new business leads.
AIM listed Wealth Manager / IFA. £1.8bn AUM. £5.3bn AUI. DFM Permissions. Several industry leading specialist brands plus an adviser network. Successful growth strategy through acquisition during past decade.
A member of of leading UK network.
Business established and successfully traded for 22 years. c£50m FUM. Recurring revenue of c£500k. 2 Advisers (L4 qualified) plus in house administrative support. 250 active clients. Standard ABC style service proposition.
Leasehold office premises in prominent High Street location. Full service offering - investments, pensions, protection and mortgage advice.
Equity rests 100% with founding adviser, aged 57 years.
Increasing pressure and administrative demands from the Regulator and PI insurers compromising fully compliant client facing trade. Recognition that scale matters so desire to merge resources with a larger entity of similar cultural values, client service
proposition and geographical presence. Buy-out terms sought at market rate following a “sell & stay” model providing a capital event plus on going employment within the acquirer firm.
£1.6m headline consideration passing from acquirer to vendor over a four year period.
Share purchase. Ongoing employment for both advisory staff plus one para-planner.
Incentivised package combining reward for ongoing service of existing clients plus new business introduced. Opportunity for a second capital event at retirement.
Regional Accountancy practice with growing financial services division seeking a EC1 location.
Sole trader IFA.
Directly Authorised - operating from a “home office” servicing a portfolio of 150 clients.
£37m FUM achieving post RDR recurring income of c£200k plus “old style” trail of c£35k.
£5k of protection income.
Mixture of paper based and computerised records. Traditional style business.
Recent health scares and approaching Autumn years forcing decision to retire. Achieve a market rate value for the business whilst securing a safe home for loyal, long-standing clients - many now friends of the adviser.
£770k headline valuation. Consideration paid in 3 instalments over an 18 month term (50:25:25). Retiring adviser to assist with client migration and integration only. Post completion introducer arrangement. Remain available to provide “soft facts” in an
2 Partner firm with 3 L4 qualified advisers. c£150m FUM. Contemporary style business with FCA compliant systems and processes. Modern premises. Professional connections. Clear strategic ambitions.