Highly rated IFA firm seeking to acquire Northern clients

The Specialists in Financial Services Recruitment

Job Details

Highly rated IFA firm seeking to acquire Northern clients Acquisitions
Reference ID: 1073
  • Salary/OTEWould consider paying 3 to 3.5 times recurring income for the right business / client bank with a payment structure, typically over 2 years.
  • Vacancy LocationNorthern England or North Midlands
  • RemunerationSelf-Employed
  • RegionYorkshire
Job description

Are you a Financial Advisor based in Northern England or North Midlands looking to retire and want your clients to be serviced by a well-established IFA firm highly rated by clients on Trustpilot?

Sell and retire - acquisition option

This option would suit Financial Advisors considering retirement and would like to support the client handover and help in transitioning clients to new advisers for ongoing servicing.

Acquisition Deal Value

Would consider paying 3 to 3.5 times recurring income for the right business / client bank with a payment structure, typically over 2 years.

This is ideal for Financial Advisors based in Northern England or North Midlands where you:

  • Are considering retirement and want your clients to be looked after by an independent financial advice firm who have received 4.9 stars from over 250 Trustpilot reviews from highly satisfied clients
  • Want the acquirer to have open architecture, where client’s investments can remain on existing mandates and charging structures, with no plans for immediate changes unless where the firm can add clear value to the client
  • Want to handover to a firm whose ongoing Adviser charges are moderately priced at 0.75%

The Company

The firm whose head office is in Sheffield was established in 2012 and has grown to a team of 8 IFAs.

The firm initially grew an online brand as Pension Specialists, which has tended to be the route to them starting a client relationship and then providing holistic wealth advice thereafter. Their team of Independent Financial Advisers are dotted around the UK to provide both remote servicing via video and telephone plus face-to-face advice for clients who live within an hour travelling distance.

Their advisers work predominantly with people who are planning for retirement or already retired. All of their advisers each have more than a decade of experience in financial advisory roles; so you know that your clients will be working with experienced advisers.

The firm is directly authorised and have open architecture to retain investments and pensions on their existing mandates. Despite being classed as a Pension Specialist they have steered away from giving advice on DB Pension Transfers and always outsourced these cases. This means that they have consciously minimised their risk under their professional indemnity.

Their typical adviser charges are 3% initial up to £50k and then 2% over this figure. Their ongoing charge is 0.75%. Clients receive quarterly updates. The firm would not intend making immediate changes to ongoing charges under an acquisition.

The firm have experience of successfully acquiring an IFA business in the past with opportunity for a seller to obtain a testimonial from a past seller.

With a transparency of client feedback, the firm are extremely proud of the work they do for their clients; they have a 4.9 star rating on Trust Pilot, with over 250 clients rating their service as excellent.

IFA Client Bank Criteria

  • Ideally suits sole advisers seeking retirement
  • Ideally, the client bank should be based in Northern England or North Midlands, however the firm are able to also look after clients located elsewhere as they have IFA’s spread across the UK for both face-to-face and video review meetings

Financial Advisor Client Acquisition Benefits

  • Directly authorised, independent specialist financial advice company
  • Head Office located in Sheffield to serve Northern England and North Midlands
  • Business established in 2012 with sound financials
  • Already completed an acquisition, with appetite to acquire further firms

Locations

Northern England and North Midlands

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.

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