Buckinghamshire
IFA Wealth Manager available for acquisition following retirement of founding Director
Background
A long established Directly Authorised IFA / Wealth Manager servicing a loyal client base of c500 clients throughout the UK. With approximately £50m FUM the business achieves annual revenues of c£250k of which c£200k is recurring income. Records are fully computerised with the majority of clients fee paying and on contract. Well organised and run in a traditional form. Respected in the local business community.
Requirement
The founding Director has reached retirement age and now wishes to crystallise many years commitment to the financial services sector and his clients through an asset sale.
Consideration
Market rate consideration is sought (typically at 3 times multiple of recurring income) of c£600k with value passing from acquirer to vendor in deferred terms over an 18-24 month period (50:25:25) subject to DD and legal contract.
Express Interest
