A traditional IFA led by 3 Directors servicing a long-standing and loyal client portfolio within South Wales (Cardiff, Swansea & Newport & Valleys). Strong presence within a niche market. Exceptional local contacts. Innovative and highly successful marketing initiatives ensuring consistent new business of a high quality.
An opportunity to acquire an established business with huge potential.
One of the Directors is looking for an immediate retirement for age/health reasons. The remaining Directors (aged mid-50’s) currently service the full client base comprising c£65m FUM generating c£300k annual revenue. Both wish to remain in an advisory capacity for a 5-10 year period working within an organisation with shared commercial and cultural values. Imperative within any prospective acquirer is a recognition and awareness of South Wales cultural and behavioural qualities.
Market rate valuation is expected at a 3 – 3.5 times multiple of recurring income.
An immediate buyout for the retiring Director and a mechanism of deferred buy-out terms for the remaining adviser / Directors providing incentive and capital events.