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Wealth Manager / HNW Client Portfolio – Essex – c£230m AUM – Available for Acquisition – Ref 142

Background

 

Originally established in 2012 the Business has 4 registered individuals with long working associations in the city of London and the South East of England.

Operating from serviced offices in Essex the firm has 4 Qualified advisers ( 2 Chartered and 2 L4) and an administrative support team of 3 individuals. Profitable, managing c£228m FUM, and with positive cash reserves the business has an enviable history of providing robust investment advice. Annual trail of £900k is anticipated and an annual turnover of £1.1m is consistent with earlier trading periods.

The firm has serviced and retained a loyal client portfolio comprising individuals and families within the mass affluent and HNW categories throughout the City of London, Essex and adjoining counties with lesser numbers overseas.

 

 

Requirement

 

The 4 Directors are all equal equity shareholders. The two senior Directors are considering their short/medium term ambitions which will ideally lead to retirement and an industry exit during the next 3 years.

The remaining shareholders have no immediate retirement ambitions.

 

 

Consideration

 

Interest is invited from Wealth Management professionals who are able to maintain and build upon the success thus far and whose cultural values will ensure a seamless and profitable transition.

Valuation at 3.5 times the recurring income is reasonably expected, paid over 18/24 months.

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