Salisbury based IFA looking to acquire small, local IFA client bank

The Specialists in Financial Services Recruitment

Job Details

Salisbury based IFA looking to acquire small IFA client bank Acquisitions
Reference ID: 995
  • Salary/OTEOffering typically 3 to 4 times recurring income
  • Vacancy LocationSalisbury
  • RemunerationSelf-Employed
  • RegionSouth West
Job description

Are you a Financial Advisor based in Wiltshire, Hampshire, Berkshire, Dorset, Somerset or along the M4 Corridor looking to retire and want your clients to be serviced by a local Independent Financial Adviser?

The Company

With a career history spanning c9 years in financial services and the last 3 as an Independent Financial Advisor, our client brings a wealth of knowledge in advising affluent and high net worth personal clients covering areas such as mortgage, protection, investment (including trusts), IHT/Tax and pension advice. Based in Salisbury, our client has easy access to servicing clients in Wiltshire, Hampshire, Dorset, Somerset, Berkshire, and M4 Corridor. With Funds under Management of c£8.5million built up from a standing start, our client is eager to grow through acquisition of an additional c£10m FuM.

Acquisition Option – Buy-out (sell and go)

With capacity to absorb another £10m FuM this will enable you to be reassured that your clients will continue to receive high quality independent financial advice after your retirement.

Deal Value

  • Typically 3 to 4 times recurring income
  • 50% upfront followed by 2 deferred payments of 25% at 12 and 24 months

This is an ideal opportunity if you:

  • Are considering retirement
  • Want a fair price for your client bank
  • Would like to hand over your clients to a sole adviser rather than a larger firm
  • Only want your clients to continue to receive independent financial advice with open architecture to leave existing investment mandates

Benefits

  • The ability for a sole IFA to absorb additional clients continuing to offer exceptional client servicing
  • Opportunity to be fully involved with the transition process and handing over clients to someone who is adept at all areas of holistic financial planning as well as being friendly, approachable, and professional, who puts clients first.
  • No changes in investment mandates necessary
  • Our client is an appointed representative of a Network that offers development finance to underpin acquisitions

Client Bank Criteria

You should be a Financial Advisor, with an established client bank ideally generating recurring income of £50k -£100k (will consider lower or higher levels of RI)

Locations

Wiltshire, Hampshire, Berkshire, Dorset, Somerset or M4 Corridor

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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