£18m IFA with Sussex Client Bank Looking for Retirement Sale

Current turn over circa: £135,000

Offers over: £420,000

Established: 10 to 15 years

Gross Recurring Revenue: 100-150k

Number of staff: 1 to 3

Locations: West Sussex

Additional Notes: This adviser primarily advises the client bank remotely, with only 10% of clients requiring face-to-face advice, meaning that servicing is highly profitable for a new firm.

The average fee is 0.65%, meaning there is significant scope for uplift and potential cost reduction, with the average TER currently sitting at 1.7%.

Average portfolios sit at £300k, meaning that servicing per household is definitely profitable.

The adviser is part of a network and wouldn’t be looking to advise with the new firm or transfer any staff, meaning that the purchase would be extremely low risk, with no liabilities for previous advice.

For more information please call 01765 698 699 and quote the reference number 32101 ask for Toby Holbrey