A modestly scaled DA advisory business – long established by the 52 year old Principal who now seeks retirement and an industry exit.
Loyal client portfolio – all located within servicing distance of Newcastle.
Recurring income of c£100k plus trail of £22k. A 0.5% client charging model.
Fully FCA compliant with a cautious and vanilla attitude to risk. No “High Risk” product sales.
Balancing the requirements of the Regulator whilst remaining fully compliant and commercially viable is beginning to impact the client experience.
Wishing for a retirement the vendor is keen to secure an arrangement with an existing advisory firm to become the next client custodian.
It is hoped deal terms can be reached during 2020.
Interest is invited from acquirers with similar high standards of client service. Deal terms at market rate are reasonably expected.
A headline valuation of c£350-400k is sought subject to DD and contract.
The vendor will assist with the smooth client transition and on-boarding process.Express Interest