Yorkshire based acquirer skilled in building IFA businesses

The Specialists in Financial Services Recruitment

Job Details

Yorkshire based acquirer skilled in building IFA businesses Acquisitions
Reference ID: 1029
  • Salary/OTENegotiable - offering highly competitive acquisition multiples of 3 to 4 times recurring income with an upfront payment, followed by an earnout over circa 5 years
  • Vacancy LocationWest Yorkshire and North Yorkshire
  • RemunerationSelf-Employed
  • RegionYorkshire
Job description

Are you a Financial Advisor based in West Yorkshire or North Yorkshire / M62 Corridor looking to sell your client bank due to retirement or exit from Financial Services industry?

The Acquiring Company

An exciting new IFA firm with its Head Office near Leeds is seeking to acquire an existing IFA client bank in West Yorkshire or North Yorkshire / M62 Corridor.

They have a strong background in Financial Services having sold their c50% financial interest in a Leeds based Financial Advice business, which had circa 40 staff to a national firm 12 years ago for a multi-million pound consideration, this new IFA business has been created. With the owner’s ongoing involvement of leading business development initiatives for major IFA firms over the last 12 years, he can bring knowledge and experience to this new venture.

The firm already has a couple of Financial Advisors who have joined the business with the intention of a practice buyout on their respective retirements. Their Head Office is in a smart refurbished stone mill in an affluent area of West Yorkshire. The firm also has Financial Advisor presence in Surrey.  

Plus, they have an additional Independent Financial Advisor and IFA Administrator due to join the firm’s Head Office in West Yorkshire. As such, they are ready to absorb a local acquisition now.

Ideal Locations

Their ideal location for an IFA acquisition would be along the borders of West and North Yorkshire or M62 Corridor.

Ideal Size of Acquisition

Ideal client bank size would be £10m to £20m of Funds under Management.

Acquisition Deal Value

Negotiable - offering highly competitive acquisition multiples of 3 to 4 times recurring income with an upfront payment followed by an earnout over circa 5 years. 

This is ideal for Financial Advisors:

  • Considering retirement and wanting to sell to a local IFA firm with Open Architecture and no set Centralised Investment Proposition
  • Would like a structured handover that is sensitive to your clients
  • Only want to deal with a local business that can offer ongoing servicing from local advisers
  • Wanting to deal with highly successful industry experienced professionals who have an excellent track record of managing acquisitions
  • The firm has no baggage with a clean slate and thus free of compliance or PI issues.

Benefits

  • A seamless transition which enables you to still be available in the background if they had any queries and to support the adviser - thus maximising retention of clients
  • Confidence of being provided with contract guarantees over future payments

Locations

West Yorkshire / North Yorkshire / M62 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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