High networth client bank with low average charge.

Current turn over circa: £ 32,000

Offers over: £ 128,000

Established: 5-10 years

Gross Recurring Revenue: 30-50k

Number of staff: 0-1

Locations: Shropshire

Additional Notes: Client bank for sale in the Shropshire area, with upwards of £10 million in funds under management and a recurring revenue approaching £40,000.

My client has built up this business over the last 10 years; manageable size for most acquirers looking to grow significantly in the coming year.

Clients are offered an annual service. With an average ongoing adviser charge of less than 0.5%, there is significant uplift potential for the right acquirer.

A soletrader, this business has a desirable client make-up with fewer than 30 households. The average portfolio size (including funds under influence) is over £500,000. Clients are well versed in technology and the business uses the Intelligent office back office system.

With no complaints upheld or outstanding, any acquirer can be assured that they are buying a truly excellent client base and vast potential, much of which is still untapped. Further FUI and clients posed to invest further cash.

My client is looking for a true adviser, not a salesperson; who shares their ethical mentality of full financial planning. They will provide an in-depth handover before retirement. Offers at 4X the recurring revenue with a deal structured over 12 months.

For more information please call 01765 698 699 and quote the reference number 395159

For more information please call 01765 698 699 and quote the reference number 30063 ask for Edward Thorpe