Established during the past decade this modestly scaled business is run by a 39 year old commercially focussed Chartered Financial Planner with a keen eye for detail and client welfare and servicing experience a cornerstone.
With only 42 clients and c£12m FUM the business follows a 0.75% charging model so generating annual recurring income of c£90k.
Aggregate holdings are above the national average and most clients are in capital accumulation stage rather than draw-down.
Excellent local connections within the local business community including leading firms of Chartered Accountants and Solicitors.
As with many small scaled firms the compromise between commercial focus and full regulatory / compliance / bureaucratic responsibilities is a challenge. This adviser is finding too much of his time is spent in non client facing activity.
Recognising scale matters he would like to join a larger local advisory business introducing his clients and remaining in an advisory capacity – employed or self employed.
A future career further developing his existing client base and growing with new business introductions is his ambition.
A normal market rate valuation of between 3 – 3.5 times annual recurring revenue is sought so calling the business within the band £270-315k subject to DD and contract.
Payment terms structured over an 18-24 month period is ideally sought together with an employment package