Opportunity to Buy a Fantastic City of London Client Bank of £40m FUM, c.130 Active Renewal clients on an asset and Goodwill basis with an Ongoing Advisory Charge of 0.6%.
Current turn over circa: £ 290,000
Offers over: £ 950,000
Established: 20-2 years
Gross Recurring Revenue: 200-300k
Number of staff: 1-3
Locations: London
Additional Notes:
Opportunity to Buy a Fantastic City of London Client Bank of £40m FUM, c.130 Active Renewal clients on an asset and Goodwill basis with an Ongoing Advisory Charge of 0.6%.
Rare opportunity to acquire a fantastically profitable client bank established over a decade ago with zero complaints made since inception. The high level of profitability can be partly accredited to the majority of clients (over 80%) of clients traveling to the office for annual reviews. This model is highly portable and any acquirer will be able to service the clients efficiently, eliminating the need for traveling thus saving both time and money.
The business has equal split between investments and pensions with an average ongoing charge of 0.6%. The opportunity represents a unique situation with almost guaranteed significant uplift potential contingent on the acquirers fee structure (more details on request).
For more information please call 01765 698 699 and quote the reference number 30102 ask for Toby Holbrey
