IFA firm looking to acquire client banks with up to ?£400m of Funds under Management in in various locations across England and Scotland

The Specialists in Financial Services Recruitment

Job Details

IFA firm looking to acquire businesses with up to 400m FuM across England and Scotland Acquisitions
Reference ID: 1544
  • Salary/OTEGenerally between 3 and 4 times over a 2 year period with 50% on completion, 25% at 12 months and 25% at 24 months. For larger businesses, they would be looking at excellent EBITDA multiples.
  • Vacancy LocationMultiple hot spots across England Scotland
  • RemunerationSelf-Employed
  • RegionNationwide
Job description

Are you a Financial Advisor / IFA firm looking to sell your business due to retirement or exit from Financial Services industry?

Are you looking for your clients to be looked after by a financially robust firm with open architecture and no intention to shoehorn clients investments.

Sell and retire

This would suit Financial Advisors considering retirement and would like to support the client handover process in an ambassadorial capacity. However, if you wished to stay involved in the business post sale then they could look at creating a role for you. It would suit smaller 1-2 adviser firms or larger firms with multiple advisors.

Acquisition Deal Value

Competitive multiple of recurring income of generally between 3 and 4 times over a 2 year period with 50% on completion, 25% at 12 months and 25% at 24 months. However, can have some flexibility on the payment terms.

For larger businesses, they would be looking at excellent EBITDA multiples. Example is using an EBITDA of 6x for 25% of equity on completion with put and call options to acquire the remaining 75% in say Year 3 and rising to 8x on year 3 subject to alignment.

This is ideal for Financial Advisors who:

  • Are considering retirement and want your clients to be looked after by an independent financial advice firm
  • Only want to sell to a firm with the funds available in the bank
  • Want an acquirer to build relationships with clients without any hurry to change investment mandates or charges
  • Want an Acquirer to provide an ongoing investment proposition for all clients regardless of size, bringing added value through building a "technology-enabled national advice business" which can deliver a holistic and hybrid advice service to mass affluent customers.

IFA Client Bank Criteria

  • They are happy to look at client banks of any size up to £400m FuM.
  • Larger size firms will become hubs whereas firms of a smaller size will likely be absorbed into another a hub
  • Happy to look at both asset and share purchases subject to due diligence. Although the minimum requirements for share purchases will be c.£100m+ of FuM. Anything under will likely be an asset purchase
  • Will consider businesses with DB’s as long as they meet their standards and are under 20% of their FuM
  • Not picky on average client holdings and will look at firms with average holdings of c£100k+ per household

The Company

This is a new exciting consolidator backed by private equity which was formed in 2020 by 2 individuals who are high experienced and accomplished within Financial Services and have a successful and sound acquisition track record. They have already made major acquisitions which has taken their combined funds under management to £2.5bn. Looking to acquire businesses up to £400m to form hubs or will look at smaller businesses which they can bolt onto existing hubs.

Financial Advisor Client Acquisition Benefits

  • Independent advice with open architecture
  • Extremely strong financials to cover deferred payments
  • Highly competitive multiples
  • Simple deal structure – 50% on completion, 25% at 12 months and 25% at 24 months
  • Deals are non-contingent to moving across to their CIP
  • Dedicated acquisition team to support the smooth transition of clients to maximise retention


Desired locations for hubs:

  • South West
  • East Anglia
  • Scotland
  • London
  • North West / Manchester

Desired locations for smaller acquisitions to form or bolt onto existing hubs / acquisitions:

  • Liverpool
  • Kent
  • London
  • Warwickshire
  • Reading
  • Chester
  • South Coast
  • Yorkshire

Call us now on 0208 0044 162 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. However, Premier Jobs UK Ltd gives 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.