A traditionally managed IFA operating a restricted “all of market” model with c180 clients throughout Bradford on Avon and surrounding areas.
£50m of FUM generating c£273k of recurring income.
Highly profitable business – run efficiently and prudently for many years.
Clean compliance record and no client complaints.
A natural crossroads has been reached with a business sale being the next natural stage enabling another organisation to take control of the loyal client database.
The vendors are comfortable with the prospect of remaining in an ambassadorial capacity post completion to facilitate an elegant and seamless client integration.
Ideally, a completion within 2019 is sought.
A market rate value is expected to be achieved for this “clean” business using usual metrics with consideration paid in deferred terms over an 18-24 month term, subject to DD and contract.
Within the business are several technical staff available for re-employment with the acquirer firm subject to contract and employment terms.