DA firm looking to acquire multiple client banks with ?£10m to ?£20m FuM - multiple retirement options available!

The Specialists in Financial Services Recruitment

Job Details

DA firm looking to acquire multiple client banks with 10m to 20m FuM - multiple retirement options available! Acquisitions
Reference ID: 1308
  • Salary/OTEWill pay between 3 and 4 times recurring income with competitive payment terms where vendors would like more up front than the usual 50% or over a shorter deferred buyout period e.g. 1 year instead of
  • Vacancy LocationNorth East
  • RemunerationEmployed
  • RegionNorth East
Job description

Are you a Financial Advisor based in the North East looking to retire and want your clients to be serviced by a directly authorised firm who prides itself on straight talking independent financial advice rated 4.7 out of 5 on VouchedFor?

Sell and retire

This preferred option would suit Financial Advisors considering retirement and would like to support the client handover process in an Ambassadorial capacity.

 Sell and stay

This option would be considered for vendors who would like to stay on post sale.

Acquisition Deal Value

Will pay between 3 and 4 times recurring income with competitive payment terms where vendors would like more up front than the usual 50% or over a shorter deferred buyout period e.g. 1 year instead of 2 or 3.

This is ideal for Financial Advisors based in the North East who:

  • Are considering retirement and want your clients to be looked after by an independent financial advice firm
  • Would like the acquirer to have successfully integrated previous acquisitions of IFA clients
  • Only want to sell to a financially strong firm with projected net worth of circa £1m+ and cash balances from profitable trading
  • Would value selling to a firm with unbiased client testimonials of over 100 clients giving a combined rating of 4.7 out of 5 on VouchedFor

The Company

This directly authorised IFA business was established in 2017 and has around £120m of Funds under Management. The projected net worth in the balance sheet is over £1m. The owner has been involved in financial services for over 30 years with many loyal clients that have followed him. The firm currently has 3 IFAs plus Paraplanner and Admin support team. Whilst the company has open architecture its platforms of choice are Ascentric and True Potential. The firm would build relationships with acquired clients in the first instance before recommending any changes. They are keen to utilise cash balances to acquire a couple of smaller IFA firms with £10m to £20m of FuM.

IFA Client Bank Criteria

  • Client banks with £10m to £20m of Funds under Management
  • Ideally, clients will be located within the North East, although the firm successfully service many clients that are located in all parts of the UK so are open to other locations
  • Preference for asset purchase, although would consider share purchase subject to having no high-risk investments such as DB Pension Transfers

Financial Advisor Client Acquisition Benefits

  • Directly authorised, independent advice with open architecture
  • Excellent client reviews
  • Financially strong
  • Previous experience of successfully acquiring other small IFA client banks

Locations

North East

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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