A traditionally managed IFA operating a restricted “all of market” model with c500 clients throughout Essex.
£50m of FUM generating c£490k of recurring income – all on post RDR style client service arrangements.
Highly profitable business – run efficiently and prudently for many years.
Clean compliance record and no client complaints.
With age and health issues an influencing factor a business sale is the natural next stage enabling another organisation to take control of the loyal client database.
The vendors are comfortable with the prospect of remaining in an ambassadorial capacity post completion to facilitate an elegant and seamless client integration.
A market rate value is expected to be achieved for this “clean” business using usual metrics with consideration paid in deferred terms over an 18-24 month term, subject to DD and contract.
Within the business are several technical staff available for re-employment with the acquirer firm subject to contract and employment terms.