Experienced firm looking to acquire firms in Warwickshire, Worcestershire and Gloucestershire with up to 4 x recurring income!

The Specialists in Financial Services Recruitment

Job Details

Experienced firm looking to acquire firms in Warwickshire, Worcestershire and Gloucestershire with up to 4 x recurring income! Acquisitions
Reference ID: 1412
  • Salary/OTEOffering between 3 - 4 x recurring income
  • Vacancy LocationWarwickshire, Worcestershire and Gloucestershire
  • RemunerationSelf-Employed with Draw
  • RegionMidlands
Job description

Are you seeking an IFA firm based in the Midlands with over 50 years’ experience with substantial cash balances to acquire your IFA Clients?

Competitive Deal Options for share or asset purchases

Offering between 3 - 4 x recurring income; each deal being considered on its own merits. The acquirer has a preference for an asset purchase although they wouldn’t rule out a share purchase for a larger sized business in the Warwickshire, Worcestershire and Gloucestershire area. They are ideally looking for client banks with £20m to £60m FuM each and these should have average client investment holdings per household of £350k / £400k.

Payment period typically is 50% upfront, followed by 2 deferred payments of 25% at 12 months and 25% at 24 months

This is ideal for retiring IFAs in the Midlands, who:

Are seeking retirement and an exit from financial services
Want to deal with a local firm with a local firm with over 50 years’ experience of protecting and growing clients’ assets
Want an acquirer to have open architecture to maintain existing investment arrangements
Are happy to maintain existing investment mandates and charging structures whilst they build strong relationships with acquired clients
Would like to deal with established firms who have cash balances to fund acquisitions without the need for leveraging finance

The Acquiring Company

Established over 50 years ago, they have grown their independent financial planning business to managing over £500m of funds under management.

They continually look to evolve and improve their service to clients and are well respected within their business community.

They have a 5-year plan to complete a couple of acquisitions of small / medium sized client banks each year with £20m to £60m FuM each. They are looking for a firm with a maximum recurring income of £400k and average client investment holdings per household of £350k / £400k. Their preference is for asset purchases rather than share purchases although they would consider a share purchase for a larger size business, providing this has clean compliance and no higher risk investments.                

Locations

Warwickshire
Worcestershire
Gloucestershire

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.

Apply for this job position
Please tick this box to confirm your consent to us holding and processing your data under the terms and conditions of the Data Protection Regulations.