Up front budget: £ 500,000

Current turn over circa: £ 2,000,000

Cash offer: Up to 4.1x Recurring

Established since: 1988

Locations: Kent

Additional Notes:
Charted, Multi Office Firm Established for Three Decades looking for a Cornerstone Practice for their Kent Division, Offering up to 4.1x Recurring revenue with 60% Upfront for the Right Firm.

This Practice currently services the entire spectrum of clients (ranging from £50,000 to £8m in portfolios) and has the infrastructure to provide face-face service across the whole of the south east with three offices stationed across the home counties with advisers covering the key locations. Clients taken on through an acquisition would be cared for personally by a highly experienced and qualified partner of the firm in the Kent office to ensure the best possible level of advice is provided. The quality of advisory services and complete flexibility to continue the current level of client interaction and servicing proposition will ensure near 100% retention on any business brought on board.

The practice has a team of in-house investment analysts who run the in-house Discretionary investment service which is tailored and used by the higher-net-worth clients in the practice. The bespoke service is completely optional and has provided significant volatility protection over the last 5 years, ranking highest out of its 13 closest rival firms in the region. The practice also has a very strong lifestyle planning division which, along with over a dozen professional relationships with solicitors and accounts, brings a large amount of new business though the door each year.

To maintain strong relationships with clients, this partner led firm regularly takes out clients to events ranging from sporting events to theatre performances. Such commitment to securing and engaging with every single client in tandem with achieving virtually a zero drop off rate in recent times ensures very high retention rates for any future acquisition.
The average tenure for leading advisers in the firm is 20 years and the ethics they apply to the staff base are directly translated to the level and quality of client service provided. This unity and stability within the team and the strong cash position of the business means any instalment payments in the two years post acquisition have zero risk attached from a security standpoint.

A premium offer will be available to practices offering:
. £5-50m FUM (would consider larger practices)
. Located in the Hastings, Westerham, Royal Tunbridge Wells, Caterham, Orpington, Paddock Wood, Maidstone, Hastings, Dartford, Bromford and the Surrounding Area
. IFA practises with an excellent track record in the industry

For more information please call 01765 698 699 and quote the reference number 177485