Retirement Sale of £6.6m AUM Wiltshire Clients

Current turn over circa: £100,000

Offers over: £90,000

Established: 15 to 20 years

Gross Recurring Revenue: 30-50k

Number of staff: 0

Locations: Wiltshire

Additional Notes: This adviser is seeking an immediate sale and retirement, but would like to ensure that the clients are successfully bedded into the acquiring firm so that both parties benefit from strong post-sale retention.

The clients are being charged 0.6%, meaning there is significant opportunity for uplifting and increasing servicing profitability.

The client bank is a growing asset with 90% of clients in accumulation, indicating significant future portfolio growth and revenue.

As the sole adviser is retiring, the sale of this business would not entail any acquisition of staff or premises by the acquiring firm, so a purchase would be purely contributing to the revenue of an acquiring firm.

The business is a directly authorised limited company, so a firm looking to acquire permissions with the FCA could use this as a low-cost opportunity.

The adviser is looking for a purchasing party who will continue to deliver regular reviews to their client bank.

For more information please call 01765 698 699 and quote the reference number 32062 ask for Toby Holbrey