£21M AUM Kent IFA Client Bank for Sale
Current turn over circa: £150,000
Offers over: £500,000
Established: 15 to 20 years
Gross Recurring Revenue: 100-150k
Number of staff: 1 to 3
Locations: Kent
Additional Notes: The client bank has no clients over the age of 75, with an average age of 59, meaning there is a huge amount of long-term revenue on offer, far above the typical firm for sale.
The average household value is £550k, meaning the clients are highly profitable to service, further demonstrated by the vast majority being serviced online, which keeps servicing costs low.
The seller is happy to facilitate a smooth handover, meeting with clients and remaining in the background during the earnout period to ensure client retention stays high.
The purchaser must be comfortable with this IFA continuing to own their directly authorised firm, as they have a linked investment management business which will continue operating after the sale of these clients, however they will not seek to continue advising.
For more information please call 01765 698 699 and quote the reference number 32038 ask for Toby Holbrey
