Local IFA Needs Help With Growth Plans

by | Nov 7, 2014

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Cheltenham

IFA Magazine’s publishing director got chatting in the pub with a local IFA last weekend (orange juices only of course) and the conversation eventually turned from rugby to business. The IFA is looking for some help with his growth plans and is looking to pay 3 X proven trail payable over two years.

He lives and works in Cheltenham as part of a larger practice of 18 individuals under the umbrella of a directly authorised IFA company. He is responsible for sourcing his own business and as such would like to expand his business via a small acquisition of an IFA practice/business book in the local area (around 50 miles radius of Cheltenham).

Ideally, he wants to buy a practice from an individual that can prove an on-going pension and investment ‘trail’ of around £25k pa, but will consider any suitable business from £15k pa to £50k pa of existing trail. This could include a larger practice looking to ‘drop’ some of their smaller clients, assuming the definition of smaller was not less than £50k invested.

The ideal business book is one that would have up to 100 active clients with pension and investment portfolio business from £50k to £250k + per client. FUM of between £5m & £15m.

He is a discerning IFA that puts client service at the forefront of his holistic independent financial planning advice whether it is at the point of sale or during the on-going review service. He doesn’t have any particular specialisms, bias or business exclusions. It is assumed that any business book will come with protection and mortgage business peripheral to the pension and investment clients.

If you are looking to sell your client bank maybe because you are retiring then he would be happy to discuss the possibility of buying the business.

For more info or to arrange a confidential introduction, please e-mail.

 

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