A successful Gold Coast FP group is looking to acquire a book of business in Southeast Queensland. This acquirer is highly experienced with extra capacity to service and maintain FP & Risk.
Annual income range of interest for financial planning clients is $3,000 – $10,000 p.a. Risk only clients generously considered.
Income would be made up of:
- Fee for service from $100,000 – $500,000
- Insurance renewal commissions from $50,000 – $1,000,000 p.a.
- Total annual Income up to $1,500,000
Fee for service clients or family groups up to 120.
Client bases including the following are of interest:
PAYG, Professionals, Rural businesses, Retirees, Accumulators, Mums & Dads, Tradies, Farmers, SMSF’s, Property, Shares, Retirees or a mixture of all.
Client bases of all ages considered.
Records storage system preferences. XPlan. Adviser Logic or salesforce
Strong referral partners an advantage.
FUM for consideration is $60M.
Buyer is willing to pay (3.25) times RR– Happy to consider up to 3.5 for the right cultural fit, with 80% upfront over a two year run off period.
The buyer is willing to talk attractive terms for the purchase with an upfront investment, reasonable handover protocols and standard run off provisions.
Finance approved for the right acquisition.
For more information and a prompt introduction please call Jim Prigg on 0408 520 453 or jim@knowledgemaster.com.au