Devon-Based IFA Acquiring in South-West with 12 Month Payments

Up front budget: £15,000,000

Current turn over circa: £1,000,000

Cash offer: 4.5x Recurring Income

Established since: 20

Locations: Devon

Additional Notes: This firm has an established presence from their office in Devon, meaning that clients would continue having access to a local advisor post sale, smoothing the transition and reducing attrition rates.

The acquirer will not seek to move clients into new funds or platforms during the earnout period, protecting sellers from the risk to their earnouts of clients leaving due to rapid change.

There would also be continuity of the ongoing adviser charge for clients post sale, with no changes required to the client proposition or fee rate for signing, making the transition smoother.

Previous purchases have been made over 12 months, significantly reducing the period sellers wait to receive the full capital value of a sale by 50% compared to standard industry timeliness.

For more information please call 01765 698 699 and quote the reference number 181597 ask for Toby Holbrey