A long established Directly Authorised Advisory firm servicing clients predominately within the Devon and Somerset areas plus a smaller number in Cornwall and Gloucestershire.
The firm is led by the founder and sole adviser who having reached 69 years of age is now considering lifestyle options and looking towards retirement overseas.
With approximately £18m FUM this profitable business services a portfolio of clients within the “mass-affluent” category plus several classified as HNW.
All clients are contracted to fee paying service agreements which generates c£155k pa for the business in recurring income.
Throughout the firm has discretely sought to provide excellent levels of client service achieving loyalty and retention plus a clean FCA record.
Compliance, administrative support and Para-planning are in-house services with external oversight.
Reflecting on age and lifestyle aspirations the Principal wishes for retirement and emigration. He now seeks a small / medium sized advisory firm with a strong regional commitment and shared cultural values to acquire the assets and clients ideally during Q2 / Q3 2017.
With an open mind to post sale commitment the vendor is adamant an elegant client transition with minimum disruption is achieved so welcomes ongoing involvement with the acquirer organisation in an Ambassadorial capacity.
Market rate consideration is expected enabling the vendor eligibility for ETR (Entrepreneurial Tax Relief). It is the Principal’s intention post sale to emigrate. For tax planning reasons the vendor and his wife have ambitions to become overseas tax residents so will look to tailor the financial terms of any deal appropriately to minimise liabilities.