A Directly Authorised sole trader with approximately 30 years commitment to a client base of loyal individuals, families and corporates within the Preston and Manchester areas.
Modesly scaled with c£15m FUM the business achieves a recurring income of c£80k pa principally focussed on investment advice.
Fully FCA compliant the business operates in a traditional style with no history of client compliant or promotion of high risk products.
The Principal has reached retirement age and now wishes to secure a buyer for his client database and investment portfolio.
Imperative is the achievement of parallel cultural values ensuring the minimum of client disruption – many have become personal friends of the vendor.
It is hoped a business sale and client transfer will be achieved during 2018.
Market rate business purchase terms are expected using a norma 3-3.5 times multiple of recurring income with value passing from acquirer to vendor over an 18-24 month period, subject to DD and contract.