Job Details

Job description

Are you a Financial Advisor based within a 40-mile radius of Bridgwater looking to retire and want your clients to be serviced by a local Independent Financial Advisor?

The Company

With over 20 years of experience providing first class financial advice, our client brings a wealth of knowledge advising personal clients covering areas such as retirement, estate planning, wealth protection, tax efficient investment planning, mortgage advice, personal and business protection. Due to firms selling through retirement our client is seeking to branch out on his own, with existing Funds under Management of c. £4.5m built up from a standing start recently, and eager to grow through acquisition of an additional c£10m to £20m FuM.

Acquisition Option – Buy-out (sell and go)

With capacity to absorb another £10m to £20m FuM this will enable you to be reassured that all your clients will continue to receive high quality independent financial advice after your retirement.

Deal Value

·         Ideally, consideration value is up to £300k, although could be higher subject to agreeable deferred payment terms

·         Typically, 50% upfront followed by 2 deferred payments of 25% at 12 and 24 months

This is an ideal opportunity if you:

• Are considering retirement
• Want a fair price for your client bank
• Would like to hand over your clients to a sole adviser rather than a larger firm
• Only want your clients to continue to receive independent financial advice with open architecture to leave investments on existing mandates

Benefits

• The ability for a sole IFA to absorb additional clients continuing to offer exceptional client servicing
• Opportunity to be fully involved with the transition process and handing over clients to someone who is adept at all areas of holistic financial planning as well as being friendly, approachable, and professional, who puts clients first.
• No changes in investment mandates necessary

Client Bank Criteria

You should be a Financial Advisor, with an established client bank ideally generating recurring income of £50k - £100k (will consider lower or higher levels of RI)

Locations

40 mile radius of Bridgwater

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.