Established to service clients within South Devon this business manages c£58m FUM via two Diploma qualified advisers. Operating in a traditional style as a member of a leading network the firms systems are fully FCA compliant.
Recurring revenue of c£260k is generated from a portfolio of 235 clients with an average case size of c£250k.
The business is long established and prominent within the geographical area serviced.
The Directors are mindful of the benefits of scale. Growing levels of compliance and regulatory pressure is increasingly adversely influencing client facing time.
Whilst only aged in their mid 50″s retirement isn’t an option however working within an environment with a clear path towards that goal is. Both enjoy client facing adviser work and wish to continue providing such.
Neither Director needs an immediate capital event. However both have an interest working within an organisation where that capital consideration can be achieved at market rate with defined metrics providing incentive for continued levels of service and modest growth.