Are you seeking a regional Chartered IFA firm based in the North West and established over 20 years ago with substantial cash balances to acquire your IFA clients?
Competitive Deal Options for share or asset purchases
Offering between 3 - 4 x recurring income; each deal being considered on its own merits. The acquirer is open to considering share purchases or asset purchases of well-run IFA businesses within 50 mile radius of Chester.
Payment period typically is 50% upfront, followed by 2 deferred payments of 25% at 12 months and 25% at 24 months
This is ideal for retiring IFAs in North West, who:
Want an acquirer to have open architecture to maintain existing investment arrangements
Would like to deal with established firms who have cash balances to fund acquisitions without the need for leveraging finance
The Acquiring Company
Established over 20 years ago, they through organic growth have successfully grown their Chartered independent financial planning business to managing £450m of funds under management, plus a pipeline that is likely to achieve c£0.5bn by the end of 2021.
Whilst the firm has open architecture their platforms of choice are Standard Life and Aviva which are evenly split. They favour using model portfolios which are monitored internally by their investment committee which comprise 3 Advisers and 2 Technical Paraplanners. All staff are employed. Adviser fee charges are 0.5% to 1% with 65% on 0.75%. Typical TER’s are generally between 1.6% - 1.8%.
With bank cash balances of c£4m they are keen to invest some of these funds by buying retiring IFA clients or businesses. Both share and asset purchases will be considered. They are open minded about the size of business being acquired.
Their objective is to win the clients over by building strong relationships first before making any changes to investment mandates or fee charges.
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.