Sold
£70,000
Local one man band holding £12.5m FUM generating £60,000 of recurring revenue
Ref: 30515
Current Turnover
£70,000
Offers Over
£240,000
Established
5 to 10 years
Gross Recurring Revenue
50-70k
Location
London and South East
Current turn over circa: £70,000
Offers over: £240,000
Established: 5 to 10 years
Gross Recurring Revenue: 50-70k
Number of staff: 0
Additional Notes: Local one man band holding £12.5m FUM generating £60,000 of recurring revenue.
Th £12.5m of FUM is accumulated through 40 households resulting in average portfolio sizes being over £300,000. These clients are highly profitable and easily intefrated into an existing IFA.
The average ongoing advisory charge is just shy of.5% meaning there is room to potentially grow on the recurring revenue through uplift, increasing the time taken for return on the investment.
For more information please call 01765 698 699 and quote the reference number 30515 ask for Toby Holbrey
