Database, Portfolio & Key Staff – c£35m FUM – c£190k Recurring income – Ref 96
April 8, 2016
IFA database & portfolio – c£22m FUM – c£100k Recurring income – Ref 90
April 8, 2016
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Divestment of Database & Portfolio – c£70m FUM – £130k Recurring Income – Ref 91

Essex

IFA client database and investment portfolio available for acquisition following changed strategy of parent leading to divestment from financial services.

Background

A Directly Authorised Advisory Firm servicing clients within the Essex area. Currently the business is a wholly owned subsidiary of a respected professional services firm with a strong Regional presence in the South East of England. The parent has decided to divest from financial services and instead focus on core trading activities. Achieving sales of c£300k and servicing c£70m FUM / FUI annual recurring income of £130k is achieved. Most clients are from professional backgrounds within the mass affluent / HNW arena.

Requirement

The parent company wish to achieve a sale of the IFA division. The advisory team and support staff are available for ongoing employment should the acquirer wish subject to contract and terms. Alternatively the parent company invites interest from acquirers for the client database and investment portfolio solely.

Consideration

Market rate consideration is sought (typically at 3 times multiple of recurring income) of c£400k with value passing from acquirer to vendor in deferred terms over a 24 month period (50:25:25) subject to DD and legal contract.

 

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