Job Details

Job description

Are you looking for a long-established and well-respected listed Acquirer offering financial advice with industry leading payment terms?

Company

Our client is a highly profitable National Wealth Management Advisory Group with a healthy balance sheet. Employing advisers across multiple offices throughout the UK they provide local advice to clients.

The company have tried and tested experience of acquiring IFA firms where there is no intention of disturbing clients by leaving their investments on existing mandates and same charging structure during the deferred buyout period unless discounts can be offered from economies of scale. Another of their USPs is the ability for the seller to meet a selection of the most suitable financial adviser(s) to match individual clients needs in both complexity of advice and relationship alignment. This is carried out before a deal completes as part of your due diligence and the deal will only move forward when you are happy with your pairing of Financial Advisers.

Acquisition Deal Value

1.     High multiples of recurring income

2.     Typically 50% upfront plus remainder over a market leading speedy deferment period

3.     Preference for asset sales with built in compensation towards corporation tax (if any)

4.     Opportunity for TUPE of support staff and employed advisors

Benefits:

• Having an industry leading fast buyout period and highly competitive multiples this means:
• Higher multiple to help compensate towards corporation tax
• Avoids additional warranties / personal guarantees for contingent liabilities over past advice which are normally used for share sales
• Ability for the vendor to liquidate the company much earlier to end liability for past advice
• Client centric team built on integrity and expertise – providing you with comfort when in months and years to come you meet ex-clients, of which many will have become friends that these are being well looked after. 
• Wealth Manager where deals are not contingent on moving investments to their in-house DFM which accounts for c1/3^rdof total funds under management
• Listed company which is highly profitable with enhanced stock exchange governance through being a quoted plc
• Over 30 years established, and with multiple acquisitions the firm have a proven track record of retention of clients and can offer you past sellers to speak with for testimonials
• TUPE of staff means that employment contracts can be transferred without loss of employee benefits
• Integration is led by sellers where the seller writes to all clients and arranges personal introduction of new adviser (involved in the choice of Adviser that best suits the client before committing to the sale)
• DB Pension transfers will be considered subject to due diligence of compliance health check on size of transfer, age at transfer, ceding scheme and rationale behind the transfer
• Due to having local Advisors servicing 11,000 clients spread across the entire country they will consider client banks across the UK

IFA Client Bank Criteria

• Average client size should have holdings of c£300k per household or active accumulators of wealth
• Ideal combined FuM of c£30m to £150m (deals above this also considered)

Locations

• Nationwide opportunities (all locations considered)

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.