Essex Retiring IFA managing £50m AUA

Current turn over circa: £200,000

Offers over: £540,000

Established: 15 to 20 years

Gross Recurring Revenue: 150-200k

Number of staff: 1

Locations: Essex

Additional Notes: Chelmsford based practice holding £35m FUM all on a .5% ongoing fee structure generating 175k recurring revenue. What makes this unusual is that the principal is open and realistic on the acquirer increasing these fees over time meaning a very quick return on investment.

Incredibly serviceable client bank as 80% of the clients are within an hour’s drive. Therefore, you’re not wasting excessive time and resources being out on the road travelling, you can service the clients efficiently and heighten the cash flow generation from the acquisition.

Average client portfolio size being over £200,000 meaning every client is worth seeing and profitable. Additionally, there are no clients that represent a vast proportion of the FUM representing a significant risk.

For more information please call 01765 698 699 and quote the reference number 30416 ask for Toby Holbrey