Background
Following a career in the financial advisory sector spanning some 30+ years the seasoned founder of this Directly Authorised IFA firm is looking for an industry exit and a retirement.
Now managing c£40m AUA and a client portfolio of 180 individuals the business achieves c£280k RI.
The majority of the firms clients are located in the West Midlands.
Requirement
An industry exit and a retirement is the main ambition. However, the vendor is keen that his clients be serviced post sale by an organisation with local advisers on a face-to-face basis.
The vendor is happy to remain within the acquirer firm enabling an orderly and seamless integration post the completion date.
This is a “sell & go” opportunity for a business that has traded profitably and prudently for many years so offers a legacy portfolio free of “high-risk” product
sales and promotions.
Consideration
Given the quality of the client portfolio it is reasonably expected the vendor can achieve a premium valuation for the business.
Offers are expected in the range £950k – £1.1m with consideration passing from the acquirer to the vendor in 3 instalments over a 24 month period, subject to DD and contract.
It is hoped the transaction will be as a share purchase so enabling the vendor ETR.
Express Interest
