£20M Kent IFA Looking for Local Purchaser

Current turn over circa: £100,000

Offers over: £375,000

Established: 1 to 3 years

Gross Recurring Revenue: 70-100k

Number of staff: 1

Locations: Kent

Additional Notes: This sole adviser is looking to move directly into retirement and is happy to work with the new firm to bed clients in properly. This means a purchasing adviser with suitable capacity could begin generating income from servicing these clients straight after acquisition.

All clients currently sit on a 0.5% fee, presenting a significant opportunity to uplift towards industry averages and increase returns from day one.

The client bank has an average portfolio size of £500k, making these clients highly valuable to service on average.

The adviser is looking for a purchaser with capacity via a Kent-based adviser, who will continue using the DFM the clients are currently with, and who will complete a share purchase of the directly authorised business.

For more information please call 01765 698 699 and quote the reference number 32061 ask for Toby Holbrey