Acquisition of client bank where average client holdings are c?£250k - up to 4x RI!

The Specialists in Financial Services Recruitment

Job Details

Acquisition of client bank where average client holdings are cú250k - up to 4x RI! Acquisitions
Reference ID: 1386
  • Salary/OTECompetitive multiple of between 3 and 4 times recurring fee income 2-year earnout with 50% upfront followed by 25?ter Year 1 and 25?ter Year 2
  • Vacancy LocationManchester
  • RemunerationSelf-Employed
  • RegionNorth West
Job description

Would you like to sell your IFA client bank to an established firm involved in all areas of finance with 180 staff across 4 locations offering accountancy, corporate finance, wealth management and mortgages?

The Company

This holistic firm of business advisors and independent financial planners is ranked amongst the Top 100 UK Accounting firms with offices in Leeds, Manchester, Liverpool and London. They are keen to grow their IFA wealth division which set up in 2013. This is directly authorised with the FCA with open architecture to provide independent financial advice.

With flexibility of Adviser Charges of between 1% and 3% initial and 0.5% to 1% for ongoing, they are able to retain existing fee arrangements during the deferred buyout period.

The firm are budgeting c£1m towards consideration value of an acquired business.

Available Acquisition Options:

1.     Will consider share or asset purchases

2.     Would be happy to TUPE existing support staff

3.     Vendor has flexibility to retire on completion or stay on for c12 months post sale

Value:

Competitive multiple of between 3 and 4 times recurring fee income

2-year earnout with 50% upfront followed by 25% after Year 1 and 25% after Year 2

IFA Client Bank Criteria

  • Average client investment holding should be c£250k
  • Clean compliance and complaint history

Benefits

  • Business heritage of over 12 years and over 9 years in wealth management
  • Operating from four office premises across Leeds, Manchester, Liverpool and London
  • Independent with open architecture
  • Retain existing fee arrangements
  • Expert accountancy advice available for clients
  • Strong financials with funding in place for an IFA acquisition

Locations

Ideally Leeds, however, will consider acquisitions for other office locations of Manchester, Liverpool or London.

Call us now on 0208 0044 154 or click Apply

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The information contained in our advert including any valuation calculations and percentage of up front and deferred payments are given in good faith and Premier Jobs UK Ltd uses all reasonable efforts to ensure that it is accurate; we give no representation or warranty in respect of such information and all such representations and warranties, whether express or implied, are excluded. No liability is accepted by Premier Jobs UK Ltd for any loss or damage which may arise out of any person relying on or using any information within this advert.

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