Originally founded in 1986 and managed consistently by the same Director / Adviser this IFA has provided a sterling service to individuals and families throughout the North East of England.
Directly Authorised and with c£45m FUM the firm services a loyal and longstanding client portfolio of 180 active cases.
Recurring income annually of £225k is achieved.
With retirement now an increasing lifestyle priority for the Director a new custodian for the clients is sought.
The expectation is an acquirer will be able to demonstrate client servicing capabilities throughout the North East of England and have the same cautious / vanilla attitude to risk free advice.
Given this is a “clean” business with no legacy issues from high risk products sales and no client compliants the vendor reasonably expects to achieve an upper market rate valuation.
Using an industry standard 3-3.5 times recurring income valuation metric provides a valuation in the band £675-785k.
A completion is sought during Q4 2020 / Q1 2021