East Anglia & Essex Wealth Management Firm Paying Up to 4.75x Recurring Income, Offering a £100,000 Salary for a Handover While Offering Positions for all Staff in your Practice

Up front budget: £7,000,000

Current turn over circa: £20,000,000

Cash offer: Up to 4.75x Recurring Income

Established since: 1992

Locations: Essex and East Anglia

Additional Notes:
Wealth Management Firm Paying Up to 4.75x Recurring Income, Offering a £100,000 Salary for a Handover While Offering Positions for all Staff in your Practice

• The firm paid 4.5 and 4.75x Recurring Income for two businesses purchased in 2021 (both asset sales). The seller's current investment proposition and client portfolio remain exactly the same (and will do for a further 12 months) to ensure all clients transition. All staff in both businesses were offered a position, with over half of them receiving a pay rise.

• The firm will pay a salary of £100,000 over two years for you to remain in the business as a Client Relationship Manager, helping with the client transition and to make certain all clients sign up with the firm.

• The offering is very unusual in the way that once a short initial period has passed and the clients have signed up to the firm, you have no more clawback in the deal and all future payments are guaranteed. Very few purchasers offer this as it means if a client leaves beyond this period you will still get 100% of the value of the business.

A premium offer will be available to Practices of the following profile:

. A good trading history and good local reputation
. Share purchase or Asset purchase option
. AUA Between £30m - £275m FUM

For more information please call 01765 698 699 and quote the reference number 179505