Woodford Green based acquirer looking for a small IFA client bank

The Specialists in Financial Services Recruitment

Job Details

Woodford Green based acquirer looking for a small IFA client bank Acquisitions
Reference ID: 973
  • Salary/OTETypically, 3.55x recurring income paid over 3-year period
  • Vacancy LocationWoodford Green
  • RegionSouth East
Job description

Are you a Financial Advisor with a small client bank based within 25-mile radius of Woodford Green, Essex looking to retire and want your clients to be serviced by a local Independent Financial Advisor?

The Company

With a career history spanning 38 years, of which our client gained a number of years' experience as a Private Client Manager, focusing on the needs of clients living overseas, as well as subsequently moving to the City of London to focus on the needs of professional clients he developed a strong understanding of meeting the financial planning needs of high net worth individuals. Setting up his own IFA business in 2010 to achieve the lifestyle and freedom he wanted for himself and his family he can focus on lifestyle planning, which is important to clients and provide independent financial planning recommendations to meet their goals.

Acquisition Options - Buy-out (sell and go)

This Independent Financial Advisor has 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.

Deal Value

  • Negotiable
  • Typically, 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 an acquirer who has a strong net worth in their accounts filed at Companies House and furthermore whose network parent is a FTSE company who underpins the buy-out

Acquisition Benefits

  • The ability for a sole 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 who 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 Advisor, with an established client bank of up to 40 – 60 households within 25 miles radius of Woodford Green, Essex with typically £10m of funds under management

Locations

Woodford Green, Essex

Call us now on 0208 0044 154 or click Apply

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