Looking to acquire a DA firm with minimal FUM

The Specialists in Financial Services Recruitment

Job Details

Looking to acquire a DA firm with minimal FUM Acquisitions
Reference ID: 1072
  • Salary/OTEPremium price for the transfer of permissions for your business
  • Vacancy LocationNationwide
  • RemunerationSelf-Employed
  • RegionNationwide
Job description

Are you a Directly Authorised IFA with minimal funds under management, but wanting a premium price for the transfer of permissions for your business?

Share Sale / Business Sale - acquisition option

This option would suit Financial Advisors who have directly authorised investment and pension permissions with the FCA and who are considering retirement but wanting a premium price over and above the normal expected valuation based on multiples of recurring income.

Acquisition Deal Value

Our client is seeking an existing directly authorised IFA business with a clean compliance track record and no high-risk investments such as DB pension transfers. Whilst our client is not requiring multiple new clients, due to having their own high net worth clients that would follow them and existing lead generation initiatives, they would honour ongoing servicing of any clients being acquired.

A negotiable premium would be paid for the business element.

This is ideal for Financial Advisors where:

  • Your business has minimal funds under management or
  • You have a general IFA business with fewer investment clients or
  • You have scaled down your client bank with a small number of serviced clients left

The Company

One of the partners was introduced to the industry 10 years ago by his uncle who was an IFA for over 20 years. Having spent most of his time in business development roles working for large international wealth management firms to grow their client base, in 2016 he started his own lead generation business for IFA's across the globe and last year he started servicing some of these clients himself. The intention is that he will be an authorised Independent Financial adviser within the newly acquired firm to service clients that will follow, and any new clients being acquired.

Together with his business partner who will be a non-advising principal they are looking to acquire an existing IFA business where FCA permissions can be transferred under change of control. They have executives available who are committed to filling the various supervision roles. Their main goal is to create a financial services academy which supports employees moving from their lead generation company by getting them qualified and giving them the opportunity to have a long and fruitful career in the industry.

As the industry is headed towards robo-advice, technology will make financial advice a more seamless process. The firm intend offering clients the options of robo advice or individual, personal face to face financial planning, whichever suits their preferences and asset values.

IFA Client Bank Criteria

  • Will consider acquiring a small / micro firm with up to £50k of recurring income
  • Whilst the firm will be based on the South Coast of England, any location will be considered as the firm could look after remote clients located elsewhere using new IT technology with video review meetings or still offer face to face advice for larger value clients

Locations

Nationwide (Head Office based in West Sussex)

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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