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Retirement sale – c£12m FUM – £100k Recurring income – Ref 100

Devon

Long established advisory firm offered for sale due to the retirement of the founding Director.

 

Background

A Directly Authorised IFA servicing clients within the Devon, Somerset and Cornwall areas. Long established (1991) with a strong portfolio of loyal clients – mainly within the mass affluent market. With c£12m FUM the firm has always transacted with a prudent attitude to risk resulting in a profitable entity with strong cash reserves.

High Street traditional office style.

Fully FCA compliant with an impeccable record.

 

Requirement

The vendor invites interest from acquirers with sound business models sharing similar cultural and client service ethics allowing his retirement from the Financial Services sector.

 

Consideration.

Market rate terms are sought (typically at 3 times recurring income) in the sum of c£300k with value passing from acquirer to vendor in deferred terms over a 18-24 month period (50:25:25) subject to DD and contract

Interested and would like to learn more?
Call us on 0333 555 6000 or contact us here.