Background
Established and managed for 25 years by a 65-year-old financial adviser now seeking a new custodian for 110 investment and pension clients.
A “vanilla” model where prudent, risk-adverse, and proportionate advice has resulted in client loyalty and longevity.
All the clients are located within the West Midlands area.
Requirement
A retirement sale where the vendor seeks a new client custodian, a capital event, and a retirement opportunity.
Important to the vendor is the acquirer’s current geographical presence in the West Midlands, client servicing capabilities, and parallel cultural values.
Consideration
A market rate valuation is expected to be achieved for this business given the clean compliance history throughout, the avoidance of high-risk product promotion, client loyalty, and a simple investment portfolio offering considerable commercial oportunity.
It is hoped acquirer interest can be achieved during Q3 2023 and a completion late in the same year or early 2024.
Express Interest