Formed in 2001 this modestly scaled sole trader IFA firm has been run by a female adviser with over 35 years commitment to the financial services sector.
With c£20m FUM the business generates a recurring income of c£130k from a portfolio of low-risk investments servicing clients throughout the Hampshire / Surrey borders.
Ill health has forced a lifestyle re-appraisal. At nearly 70 years of age, retirement is now a core ambition.
Not wishing for a long transition the vendor seeks a “sell & go” scenario allowing retirement within a 3-4 month period. There is no appetite to take employment within the acquirer firm.
She will commit to an orderly client hand-over and assist with the integration and new service proposition introduction.
A market rate of 3 times multiple of recurring revenue is sought with the payment schedule spread over an 18-month term.