Long established advisory firm offered for sale due to retirement of the founding Director.
A Directly Authorised IFA servicing clients within the Oxford and surrounding area. Long established (1982) with a strong client portfolio including many HNW cases including individuals, families and SME’s. With approximately £20m of FUM the business achieves recurring income of c£100k from a database of c40 active cases. There are also a significant number of dormant clients including a proportion that aren’t currently charged. Operating in a traditional style records are held in computerised format.
Trade has focussed in recent years on servicing existing clients and the completion of new transactions from these sources rather than capturing new business.
The vendor invites interest from acquirers wishing for a client database and investment portfolio within servicing distance from Oxford allowing his retirement from the Financial Services sector.
Market rate terms are sought (typically at 3 times multiple of recurring income) in the sum of £300k with value passing from acquirer to vendor in deferred terms over a 18-24 month period (50:25:25) subject to DD and legal contract