West Midlands Based IFA with a warchest of £500,000 looking for to purchase a personal IFA

Up front budget: £500,000

Current turn over circa: £650,000

Cash offer: 4.5x recurring revenue

Established since: 2000

Additional Notes: Local practice offering 4.5x for the right firm who has a strong relationship between the advisor and clients. This is a significant premium offered for a loyal client base.

This firm is ensuring continuity in how the clients are serviced and the investment proposition. They will continue with any platforms involved. Therefore, there is minimal change from the clients perspective, keeping them happy and increasing the likelihood of high levels of client retention.

There is the possibility for the principle to stay on advising the clients for a few years on a self employed basis on top of receiving the capital lump sum for the business. Alternatively the principle has the option for a remunerated ambassadorial role to ensure client retention resulting in you getting paid in full for the business.

For more information please call 01765 698 699 and quote the reference number 179207