Seeking small IFA client bank for Guildford based Chartered IFA

The Specialists in Financial Services Recruitment

Job Details

Seeking small IFA client bank for Guildford based Chartered IFA Acquisitions
Reference ID: 970
  • Salary/OTE3.55x recurring income paid over 3-year period
  • Vacancy LocationGuildford
  • RegionSouth East
Job description

Are you a Financial Adviser with 40 - 60 clients based around Guildford looking to retire and want your clients to be serviced by a local Chartered Independent Financial Adviser?

The Company

With a career history spanning 32 years at NatWest with the last 16 years as a Private Investment Manager / Financial Adviser before establishing his own business our client brings a wealth of knowledge in advising affluent and high net worth personal clients covering areas such as investments, pension planning, protection and inheritance tax planning. Holding Level 6 Chartered qualification means that our client has an excellent understanding of complex tax, trust and pension knowledge in servicing high net worth clients.

Buy-out (sell and go)

With capacity to absorb another 40 to 60 clients this will enable you to be reassured that your clients will continue to receive high quality independent financial advice after your retirement.

Value

  • 3.55x recurring income paid over 3-year period
  • With 100% of recurring income paid upfront on contract date

This is an ideal opportunity if you:

  • Are considering retirement
  • Want a fair price for your client bank
  • Would like a structured, simple handover that is sensitive to your clients
  • Only want to deal with a business whose network parent is a FTSE company who underpins the buy-out

Benefits

  • The ability for a sole Chartered IFA to absorb additional clients by taking your 40 - 60 households and continuing to offer exceptional client servicing
  • Opportunity to be fully involved with the transition process and handing over clients to someone with who as well as holding Chartered qualification is friendly, approachable and puts clients first.
  • Our client is an appointed representative of an award-winning Network that offers an exclusive network for high calibre IFAs and have currently grown a strong national footprint with over 150 IFAs as Appointed Representatives across the whole of the UK. The IFA company is owned by a major plc and a leading fund manager for security and growth prospects.
  • Whilst having a preference of outsourcing investment management via a panel of DFMs for either bespoke or model portfolios the firm remains independent with open architecture which will enable clients to move across on existing investment mandates without any immediate need for disinvestment

Criteria

You should be a Financial Adviser, with an established client bank of up to 40 - 60 households within the Guildford area with typically £10m of funds under management

Locations

Guildford

Call us now on 0208 0044 154 or click Apply

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