275 active clients and £56m FUM generating a recurring income of circa £280k pa, equating to a client charge of 0.5%. The average portfolio size is circa £200k.
Loyal, local client portfolio predominately residing around the West Midlands.
The retiring Director seeks an acquirer with similar cultural values and attitude to client care, with a target completion within 2019.
This is a “sell & go” scenario. The exiting Director will ensure an orderly, elegant and effective client hand-over so assisting the integration process.
Post-sale, the vendor will be available in an ambassadorial capacity, always on hand to provide soft facts as necessary.
Market rate consideration is sought, passing from acquirer to vendor over an 18-24 month period in deferred payments.
An introducer arrangement made available to the retiring Director will ensure a steady stream of new client introductions.