Job Details

Job description

Are you a Financial Advisor based in Cambridgeshire seeking retirement or exit from the financial services?

The Acquiring Company

This Chartered IFA firm was established in 2001. They are Directly Authorised with the FCA, using threesixty for compliance. They have developed a team of 10, which includes 3 Chartered IFAs, 1 Diploma qualified IFA plus a Mortgage Broker, 3 Paraplanners and 2 Administrators. The firm operates from City Centre offices whilst their existing client bank is widely spread geographically across Cambridgeshire, Suffolk, London and Home Counties. They are keen to grow their business through acquisition.

Their Adviser ongoing charging model is 0.6% to 0.75% with 4 service levels of Bronze (transactional only with no ongoing charge) Silver, Gold and Platinum.

They have a panel of Platform providers, although no real affinity to any one provider and thus have genuine open architecture which is an important plus point for acquiring your client bank. Their most used platforms are Standard Life, Fidelity, Transact and Aegon. They use EValue risk profiler. Typical passive funds via Vanguard and Black Rock. Their typical DFMs used are Quilter Cheviot, Brooks McDonald and Rathbones.

Available Acquisition Options:

Sell and Retire

This would suit a Financial Advisor looking to give up being an Authorised Adviser, although be available for handover meeting to ensure there is a smooth transition.

Sell and Stay as a Financial Advisor

This option would suit Financial Advisors looking to stay on for up to 2 years to fully embed the transition of clients as an authorised Advisor of the Acquirer.

Join as a Self Employed Appointed Representative with deferred sale terms

There is an opportunity for a Financial Advisor to join the firm as an Authorised Appointed Representative benefitting from the firm’s compliance and support, but not yet ready to sell. You will have the option sell your client bank when you are ready.

Acquisition Deal Value

Offering highly competitive acquisition deals for Financial Advisors would be considered on a case-by-case basis. Options will include cash up front followed by deferred payments over 2 – 3 years or a longer earn-out basis.

This is ideal for Financial Advisors:

• Considering retirement
• Would like a structured handover that is sensitive to your clients and have had experience of acquiring client banks in the past
• Only want to deal with a local business that is profitable with strong financials to provide peace of mind for deferred payments
• Want a Chartered firm that will have the qualifications and experience to provide ongoing advice for all types of financial planning need
• Want a firm with Open Architecture, where they will leave existing investment mandates untouched if this still meets the client's best interests

Acquisition Benefits

• A seamless transition which enables you to still be available in the background if they had any queries and to support the adviser - thus maximising retention of clients
• Modest Ongoing Adviser Charges where clients will not be faced with fee hikes.
• Confidence of financial stability for deferred and longer earnout options

Location

Cambridgeshire

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.