100 active clients and £37m FUM generating a recurring income of circa £320k pa, equating to a client charge of c.0.8%. The average portfolio size is c.£370k.
Loyal, local client portfolio predominately residing within Greater London.
This is a ‘sell and stay’ scenario and the current Director seeks an acquirer with similar cultural values and attitude to client care, with a target completion within 2019.
A minimum multiple of 3.5x recurring income is required for this acquisition, with 50% to be paid on completion and the remainder to be paid over an 18-24 month period.