On Hold
£170,000
HNW client bank in North-West London
Ref: 30156
Current Turnover
£170,000
Offers Over
£600,000
Established
15 t years
Gross Recurring Revenue
100-150k
Number of Staff
1 to 3
Location
London and South East
Current turn over circa: £ 140,000
Offers over: £ 470,000
Established: 15 t years
Gross Recurring Revenue: 100-150k
Number of staff: 1 to 3
Locations: Greater London
Additional Notes:
Unusual High-Net-Worth IFA Practice in North West London with £30m FUM, c.50 Families with an Average Portfolio of c.£500,000 and ongoing charge of 0.55%.
The acquisition of the business would be most likely structured as an asset and goodwill sale, with no liability assumed by the acquiring party and no FCA change in control required. The ongoing adviser charge of 0.55% represents a huge potential for service uplift and value accretion.
For more information please call 01765 698 699 and quote the reference number 30156 ask for Edward Thorpe
