Background
A long established Wealth Management Business that is currently a Network member but impending the demise of that Network arrangement has brought about a retirement opportunity for three Directors and a buyer is now sought who will provide an opportunity for the younger Director to remain involved in an employed Adviser role. Managing c£65m of funds and generating c£330k of recurring revenue.
The Business has grown from £25m FUM to £65m FUM since 2017 and is now one of the regions’ foremost financial planning firms. This is a financial advisory business providing a bespoke service to fee paying clients, specifically arranging investments and pensions on behalf of private investors and families and with a renowned reputation for expertise in the NHS, Dental and Pharmacy sectors.
Requirement
Interest is sought from culturally similar organisations that will provide an opportunity for the remaining Director to contribute to the long term growth of the acquiring Business.
Consideration
Market rate consideration is expected of c£1.2m being paid over a 24 month period, subject to DD and normal legal/regulatory processes associated with a share purchase.
Express Interest
