High Net Worth IFA for Sale With £30m AUM
Current turn over circa: £120,000
Offers over: £400,000
Established: 25 to 30 years
Gross Recurring Revenue: 100-150k
Number of staff: 1 to 3
Locations: Oxfordshire
Additional Notes: This firm has only 25 households sharing the £30m under management, meaning that average portfolios are well above £1m and therefore highly profitable to service.
This is a network business meaning that the sale of the firm will not entail any liabilities from previous advice, thus reducing the potential risk a purchaser is exposed to.
Clients are charged .5% for their ongoing advice meaning they sit well below the market average offering an opportunity for an acquisitive firm who can provide additional value to increase the revenue and profitability of the book.
The average client age is 60 meaning that they will be continuing to deposit funds and require financial advice for decades to come.
The adviser is looking to capitalise and retire whilst managing a smooth handover, so would prefer a business with existing adviser capacity for their clients.
They are also looking for a firm who will prioritise developing close personal relationships to support their clients.
For more information please call 01765 698 699 and quote the reference number 32066 ask for Toby Holbrey
