A modestly scaled, low-risk advisory business built on strong ethics and excellence in client service and focus.
206 clients and £32m FUM generating a recurring income of circa £160k pa, equating to a client charge of 0.5%. The average portfolio size is circa £150k.
Loyal, local client portfolio predominately residing around Leicestershire.
The retiring Director seeks an acquirer with similar cultural values and attitude to client care, with a target completion within 2019.
This is a “sell & go” scenario. The exiting Director will ensure an orderly, elegant and effective client hand-over so assisting the integration process. Within the business is an excellent young, dynamic adviser who is open to retention from the acquiring firm if required.
Post-sale, the vendor will be available in an ambassadorial capacity, always on hand to provide soft facts as necessary.
Market rate consideration is sought, passing from acquirer to vendor over an 18-24 month period in deferred payments.
An introducer arrangement made available to the retiring Director will ensure a steady stream of new client introductions.