A long established advisory firm servicing clients (individuals and families) predominately within the Norfolk and surrounding area.
The firm is led by the founding Director who following a significant health issue is bringing forward his retirement plans on medical advice.
With approximately £8m FUM this profitable modestly scaled business services a portfolio of clients within the “mass-affluent” category plus 2 HNW cases where assets of more than £1m are managed.
All clients are contracted to fee paying agreements which generates c£80k 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.
With medical advice recommending an early retirement the Principal of this business seeks an acquirer with a strong regional commitment and shared cultural values for client servicing to acquire the assets and clients ideally within Q1 / Q2 2017.
With an open mind to post sale commitment the vendor hopes to assist with the integration and client migration process ensuring as seamless a transition as possible.
Market rates consideration is expected with deferred payment terms most likely structured over an 18-24 month period.