Background
A profitable and robust financial services organisation providing financial planning and business solutions to clients throughout the southeast of England and the Midlands.
With c£375m AUA individual and corporate wealth management clients are serviced via a team of 7 financial advisers with centralised technical and administrative support provided from a Surrey HQ.
Annual recurring revenue streams of c£1.5m are achieved
Requirement
Following a strategy of divestment the Board now wishes to concentrate of business areas away from retail financial services.
The business is offered as a going concern, complete with all advisory and technical support staff.
Consideration
Market rate terms are reasonably expected for the business which has a wholly FCA compliant track record, longstanding client relationships, and robust internal processes and systems following many years investment in the infrastructure and business architecture.
Given earlier trade includes the provision of advice for DB Transfers deal terms are likely to be as an asset sale. Importantly following a thorough external review no issues have been identified from this specialist area of advice, and none are anticipated.
Express Interest
