FP Business Wanted NSW

An adviser who has been in the industry for 10 years is looking to acquire a book of business. They are particularly interested in businesses across the Sydney, Wollongong, Newcastle and Mittagong area.

Businesses with annual recurring income of fee for service up to $400K will be considered. Insurance books will also be considered if attached to viable fee for service operations.

They are looking for client bases and businesses that include:

Professionals              Trades people              Rural based families and businesses

PAYG clients              Retirees              Health professionals

Consideration will also be given to accounting practices with similar client bases. Client numbers up to 100 (including family groups) are sought.

The group is looking for superannuation-based clients, Aged care and SMSF’s that require regular servicing and advice.

Client management and storage systems that include XPlan. Midwinterand Adviser Logic are suitable.

Business with platforms provided by Hub24 and Netwealth are of particular interest but not preclusive.

Businesses with FUM attached of up to $50M are of interest.

The buyer is interested in paying up to 2.5 times annual recurring income for the right business after due diligence has been carried out.

Finance is approved and the buyers are eager to bed down suitable acquisitions in the very near future.

They are willing to talk attractive terms for the purchase with an upfront investment, reasonable handover protocols and standard run off provisions.

For more information and a prompt introduction please call Jim Prigg on 0408 520453 or jim@knowledgemaster.com.au.