Background
A long-established IFA operating in a traditional form servicing a client portfolio within Hertfordshire and the surrounding Counties.
Modestly profitable. Clean systems and processes. Wholly FCA compliant.
1% client fee charging structure in place. Loyalty and quality throughout the client portfolio.
Health issues affecting the Principal have resulted in this business being offered for sale.
Requirement
The vendor is reluctantly accepting his health issues necessitate a new client custodian and so acquirers with existing advisory capabilities in and around Hertfordshire are invited to make offers to purchase this business.
Where possible the vendor will assist with the client onboarding and integration process however given the nature of his health challenges a prompt transaction is necessary to safeguard the interests of all parties.
Consideration
The business is in good shape. The clients are of a good quality with above national average aggregate investment holdings. Reviews are up to date.
An upper market rate valuation is expected for this business likely using a 4x RI valuation metric so achieving an enterprise value of c£1.6m with consideration passing from acquirer to vendor in 3 instalments over a 24 month term.
This is to be a share sale so enabling the vendor ETR eligibility.
Express Interest