Bristol Adviser Looking to Sell £30m Client Book
Current turn over circa: £175,000
Offers over: £400,000
Established: 15 to 20 years
Gross Recurring Revenue: 100-150k
Number of staff: 1 to 3
Locations: Bristol
Additional Notes: This would be an asset sale, from a network company with no complaints, meaning that there is no risk of transfer of liabilities from prior advice, and with no staff or office transferred it should be a seamless transition to increased profitability for the purchasing party.
The clients are currently charged 0.5% on average, meaning there is significant scope for value uplift and increasing the profitability of servicing.
Over 90% of the funds are consolidated onto one platform, ensuring a smooth and easy transition for the purchaser, especially for a firm already using this platform.
The average portfolio of the clients is £650k, so they are highly profitable to service on average, with most clients still in their accumulation phase.
This adviser would prefer a purchaser who could service his clients in Bristol, whether in their homes or a nearby office, although half are currently serviced remotely.
He would also prefer a purchaser who provides full financial planning and cashflow services for his clients.
For more information please call 01765 698 699 and quote the reference number 32097 ask for Toby Holbrey
