A traditional style advisory business following a model of client servicing rather than new business development. Long-standing and loyal client base.
c£130m FUM. Highly profitable. Recurring revenues of c£1.15m.
All investment and pension transactions – prudent / cautious approach.
3 advisers supported by a team of 4 administrative staff.
Prominent High Street location with excellent professional connections / referral network in the local business community.
With ongoing client servicing into the 2 Directors latter years an unappealing prospect both have decided to seek a buyer for the business enabling family security and the opportunity to pursue other lifestyle and commercial interests away from the financial services sector.
Imperative within an acquirer is cultural compatibility so enabling continuity of client experience and excellent levels of attention / service.
Both adviser / Directors wish to ensure an elegant and seamless transition so at the very least will remain with the acquirer in an ambassadorial capacity enabling the integration.
Advisory & administrative available for ongoing employment together with the offices if so wished.
An upper quartile valuation is reasonably sought for this business – given the long standing client relationships, high aggregate investment holdings / case and a prudent attitude to risk.
An industry exit towards the end of Q4 2019 would be ideal.
This will be a share sale enabling the Directors ETR eligibility.