Job Details

Job description

Are you a Financial Advisor or IFA firm based in the North West, North Wales, Liverpool, West Yorkshire, South Yorkshire or North Midlands looking to sell to a well-capitalised firm experienced in acquiring IFA practices?

Sell and retire - acquisition option

This option would suit Financial Advisors or the owner(s) of SME IFA firms considering retirement.

Acquisition Deal Value

Will consider paying 3 to 4 times recurring income for the right business / client bank with a payment structure, typically over 2 years. Will consider share sale or asset sale.

This is ideal for Financial Advice businesses based in the North West, North Wales, Yorkshire or North Midlands, who:

• Are considering retirement and want your clients to be looked after by a well-established financial advice firm of over 9 years
• Want the acquirer to have open architecture, where client’s investments can remain on existing mandates and charging structures, where the firm has no plans for immediate changes unless where they can add clear value to the client
• Want to handover to a firm with experience of other acquisitions where there would be opportunity to speak with other satisfied vendors
• Are looking for a firm with financial strength and a formidable team of directors and management to lead the growth of this business

The Company

The firm was established in 2009 and we have been involved with this firm since 2013 when we placed a senior IFA and who is still with the company today. The team has grown to 25 which includes 8 Financial Advisors. Recently moved their head office to Manchester, having centralised their other offices in Liverpool and North Wales. The firm have a mixture of restricted and Independent Financial Advisers, enabling the firm to have access to open architecture. As well as having a strong in-house support team they also outsource some paraplanning and admin tasks.

Their typical Adviser charging structure for ongoing servicing is 1% up to £750k and 0.75% above. However, the firm would intend building client relationships during the deferred buy out period before making increases in ongoing fee charges or changing existing investment mandates. Either of these earlier changes would be in the context of adding value which could be in a variety of ways and with the client’s agreement.

IFA Client Bank Criteria

• Will consider all size firms from £5m to £100m+ FuM
• Ideally, the client bank should be based in the North West, North Wales, Liverpool, West Yorkshire, South Yorkshire or North Midlands
• Preference for none or few DB Pension Transfers if you are seeking a share sale

Financial Advisor Client Acquisition Benefits

• Over 100 years’ experience in the financial services industry, so you can be confident about the advice your clients will continue to receive
• A tailored personal service from investments to retirement planning to wealth management
• Wealthy financial backer / owner that gives comfort over meeting acquisition payment terms
• Previous acquisitions for peace of mind on happy clients and tried and tested transition processes

Locations

North West (Head office based in Manchester), North Wales (previous office location), Liverpool (previous office location), West Yorkshire, South Yorkshire and North Midlands

Call us now on 0208 0044 154 or click Apply

Liability and Disclaimer

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.