Up front budget: £500,000

Current turn over circa: £1,500,000

Cash offer: 4.2x 60/20/20

Established since: 2008

Additional Notes: Taunton based IFA housing £100m FUM with 11 advisors and 10 back office staff

This firm is offering up to 4.2x recurring revenue with 60% of the total consideration upfront, 80% within 12 months and 100% in 24 months.

The well established regional firm is seeking to acquire an IFA offering high levels of continuity and ensuring that they will not be shoehorning the clients into their investment proposition.

This firm will also be seeking the advice of the retiring principal in the handover period to determine which adviser is best suited for each individual client for the purpose of keeping high levels of client retention and thus paying the principal out in full

For more information please call 01765 698 699 and quote the reference number 178518