Taunton based Wealth Management Firm holding £500m FUM, seeking their 11th successful business integration, with £1m of cash at their disposal

Up front budget: £1,000,000

Current turn over circa: £4,300,000

Cash offer: Up to 4x recurring revenue

Established since: 2000

Locations: Somerset

Additional Notes: Taunton based wealth management firm managing £500m worth of funds with fantastic success in 10 previous acquisitions. This wealth of experience has resulted in 100% client retention in the 3 businesses they integrated last year, 99% on average across the 10 acquisitions, whilst paying the deferred elements of them all in full.

My client has established an incredibly sophisticated investment proposition including their own in-house discretionary fund management arm. This is very competitive in terms of pricing for the client as every element is in-house, resulting in the total expense for the client being 1.8%. However, because they are wholly independent, they have ensured complete continuity for 2 years until they have established the relationships with each client so there is no pressure or shoe horning into their own investment proposition. They do what's best for the clients and have done this process with their past acquisitions. They offer the opportunity to speak to these principals to hear about their experiences.

For the right opportunity, my client is offering to pay up to 4x recurring revenue with 50% of the total consideration upfront, and two deferred payments over 2 years.

A premium price will be paid for practices offering

. Locations of Taunton, Bristol, London

. £30-100m FUM

. Principals available to stay on for a handover period.

For more information please call 01765 698 699 and quote the reference number 178464