Do you have 30 - 35 surplus clients with ideally £200k holdings or above, preferably on platform or suitable to moving to a platform?
This directly authorised Independent Financial Advisory firm, with dual offices in Leeds and Isle of Wight has a combined level of experience of over 80 years! They currently have over £50m of Funds under Management with a target to increase this to £100m within the next 3 years. They have successfully incorporated three previous IFA client bank acquisitions into their business with excellent transitions and client satisfaction. With capital sitting in their bank account they are ready for their next acquisition.
Acquisition Option - 'Sell and Go'
Our client is looking to acquire a client bank with typical asset holdings of £200k or above. Previously they have been successful in transitioning a) well-managed hnw client banks with client fee charging in place on funds under management and b) acquired an un-serviced affluent client bank without fee charging in place, by successfully transitioning them to a new servicing agreement. Therefore, the Acquirer would be interested in acquiring either type of business. They have tiered servicing models and can tailor their service to the needs of the client. In addition, our client has open architecture, so would be able to leave acquired clients on their current platform initially whilst embedding them to aid retention. The business has clients spread across 3 core geographical areas with face to face servicing in place as well as Skype and telephone interim reviews which means there is flexibility in locations being considered – see locations below.
Value - circa 3.5x - 4x recurring income over 1 or 2-year terms and negotiable terms in respect of FUI
This is an ideal opportunity if you:
Call us now on 0208 0044 154 to discuss this further
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