A modestly scaled client portfolio serviced by a retiring adviser – all the clients are located within South Wales.
Vanilla style attitude to risk so a clean portfolio without any high-risk product promotion. No DB transfer cases.
250 active individual clients / 200 family cases.
The retiring adviser is looking towards commercial interests outside of the financial services sector and vocational pursuits. At the completion date assistance will be provided to the acquirer firm with client introduction and integration.
Interest is invited from acquirer firms with client servicing capabilities in South Wales or firms that can offer a remote servicing proposition.
It is hoped a business sale can be achieved during Q2 / Q3 2023.
The business has been consistently profitable achieving c£95k from signed client service agreements. There is also a small portfolio of pre-RDR trail amounting to £5k.
As an asset sale it is reasonably expected the business will achieve a headline consideration of c£300-£350k by applying a 3-3.5 times multiple to the RI.Express Interest