Business wanted

The acquirer has immediate access to finance for a business with $500k to $2.5m of RR.

The ‘unicorn’ of businesses to buy would fit the following criteria:

  • Average fee >$5k per client
  • Majority of the revenue is fee based, not insurance (although some insurance is OK)
  • Retiring adviser (ie not a career changer or partial sell down)
  • Good staff that want to stay with the business (eg client services and associates)
  • Majority on a single platform (CFS, Hub24 are our mostly commonly used but we’re flexible here)
  • Not too many direct shares, unless in managed accounts or MDAs
  • Capital city location, (again, flexible here, but this would be an advantage)
  • Majority of clients in close proximity to office
  • Client profiles:
    • Business owners
    • 50-60 years old pre retirees
  • The adviser is not focused on “I can outperform the market”, but rather more of a hand holding relationship and strategy focus.

Top multiples offered with generous hand over provisions for the right cultural fit.

For more information and a prompt introduction please call Jim Prigg on 0408 520 453 or