Job description
Are
you a Financial Adviser looking for an acquisition exit strategy with a highly
successful IFA firm based just outside of Watford?
The
Company
- Our client is directly
authorised by the FCA, with open architecture to access all platforms and providers; they predominantly use Old Mutual Wealth
platform with 5 separate model portfolios
according to clients’ attitude to risk.
- With over 35 years of experience in helping
clients achieve their aims, ambitions and aspirations, the firm consists
of two IFA’s with back office paraplanning/administration support
- The firm are servicing c200 active clients
with £30m of Funds under Management with an average holding of c£150k
- Clients receive quarterly fund performance
with minimum of one annual review meeting
- Opportunity for clients to meet at their town centre premises
situated south of Watford, on the border of Hertfordshire / North London
Borough, or in their homes or via Zoom video conferencing
- Following Covid-19 their clients have become
used to using video conferencing such as Zoom and Teams, where they anticipate in the future being able to absorb
additional clients, through greater efficiency of time of not having to go
out to meet as many clients whom they
have already built a strong personal relationship
- New business fees are generally 2% - 3% and their ongoing adviser
charge is generally 1% with some fixed fees; typical TER to include platform and fund charge is 1.7% to 2.2%
- They are negotiating on their asset management model which
anticipates an improvement of 30 bps, which could be passed on to the client
- As Independent Financial Advisers, they have access to a wide range
of products and services – as opposed to a Restricted Agent, who may only
advise and offer products from the company they represent. This means that
they are able to give clients impartial advice and recommend the most
appropriate products for them
Exit
Strategy Option
- Sell and go with
handover support
Value
- Multiples of 3 to 4 times recurring income with expectation of 50% upfront followed by deferred payments of 25% at 12 and 24 months
- Longer earnout available if required, e.g. over 5 – 6 years
This
is an ideal opportunity if:
- The average value of your client bank is greater than £100k
- You want your clients to
retain their existing investment mandates through Open Architecture
- You prefer a smaller boutique IFA firm to
acquire your clients who are approachable, and pride themselves on the
relationships they develop with individuals, families and businesses, and
firmly believe in offering the expertise they need and the high quality service
they deserve
- Clients want to enjoy more choice, value for money, and receive
their high-quality service
Locations
- Watford (Hertfordshire,
Essex and North London area)
Call us now on 0208 0044 154 or click
Apply
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valuation calculations and percentage of up front and deferred payments are
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