Background
A Directly Authorised privately owned business with two advisers providing service to a client portfolio of approximately 250 within the county of Cheshire.
Established 20 years ago – many long standing and loyal clients.
£108m FUM generating a recurring income of c£400k.
Profitable and FCA compliant.
Requirement
The founding Director now in his mid 60’s wishes for retirement and the orderly transfer of his clients to an organisation with “best of breed” servicing capabilities and similar cultural values.
The firm employs a Chartered Financial Planner and highly qualified support staff that are available for on-going employment within the acquirer organisation.
Consideration
Market rate consideration is expected for this business paid over an 18-24 month period subject to DD and contract.
The vendor has made clear whilst price is important the final choice of acquirer will rest with one displaying common cultural values, ethics and client service proposition.
It is expected the vendor will remain within an Ambassadorial capacity post sale ensuring the seamless transfer and integration of client relationships.
