As an IFA based in the North East, would you prefer upon retirement for your clients to be handed to a local Financial Advisor with offices in Newcastle City Centre and Gateshead?
Sell and retire - acquisition option
This option would suit Financial Advisors seeking retirement and would take comfort in 2 highly experienced IFAs taking over the client servicing. Their current clients hold them in great regard with a rating of 4.9 out of 5 on Vouchedfor. In addition, as a Chartered Financial Advisor, their clients benefit from complex financial planning knowledge
Sell and stay a Financial Advisor - acquisition option
They would also be open to Financial Advisors seeking an exit strategy within the next few years.
Acquisition Deal Value
Offering an IFA Acquisition deal value of circa 3.5 times recurring income, paid out over a 2 year period. Longer earn out terms would be available if preferred.
This is ideal for IFAs in the North East who:
The Acquiring Company
This duo of Financial Advisors based in the North East provide fully independent advice (with no vertical integration) to clients and are supported by 2 excellent back office team members. Offering 3 levels of client servicing proposition and ongoing fees of 0.5%, 0.75% and 1%, with all clients receiving highly detailed and professional annual reports and access to their own secure, client portal.
The acquirers have previously completed two IFA client bank purchases and received positive feedback from the sellers. They have their own financial resources to purchase IFA client banks, as well as access to a Private Investor to support further growth
IFA client bank criteria
Financial Advisor Acquisition Benefits
Clients can remain on existing investment mandates and ongoing service proposition that best suits them to meet their needs and cost that suits them best. In addition, where required the Financial Advisors utilise cashflow modelling to assist clients.
You will receive a competitive financial offer and have the ability to speak with sellers who have been successfully acquired in the past. Dealing with a small 2 owner firm who continue to offer good old-fashioned customer service whilst having state of the art modern IT systems and having one of the UK's fastest growing independent financial advice firms meeting the compliance needs of a fast changing regulatory world.