Directly authorised since 2010,
c£64m of FUM and recurring revenue of c£275k, the Business is highly profitable and provides a professional service to its’ c300 Wealth management clients.
Wholly compliant, the Firm has an exemplary track record, strong local presence throughout South Devon and the prospect of future profitable trade.
The 4 Director/Advisers have amicably reached a crossroad where differing retirement horizons are driving a new model and changed business ownership.
This will be a “sell and stay” acquisition with two Directors remaining for 2 years and two remaining for 5 years plus.
Market rate buy-out terms will apply and with c£275k of recurring revenue a headline consideration of c£960k is expected on a share sale basis.Express Interest