FP/Risk Businesses Wanted VIC West

A successful Victorian FP group is looking to acquire a book of business in the western part of Victoria (anywhere from Moonee Ponds to Bendigo down to Geelong / Surf coast).

This vendor is highly experienced with extra capacity to service and maintain FP and Risk. They have their own AFSL with a fully qualified CFP advisor with the latest education standards (FASEA, Ethics).

Income would be made up of fee for service up to $400K of RR.

A client base composed of the following types is of interest: PAYG, Professionals, Retirees, Accumulators, Mums & Dads and Tradies with their own Pty Ltd companies.

Compatibility with XPlan would be an advantage.

Platforms with Macquarie, Netwealth and BT Panorama are of interest.

FUM of up to $40M would be considered.

Indicative multiples of up to 2.75 times RR for the right cultural fit and proximity would be considered. They are negotiable on amount up front to be paid to the vendor and over what time period.

The business has the capacity to invest client’s funds via SMA’s.

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

Finance is approved for the right opportunity.

For more information and a prompt introduction please call Jim Prigg on 0408 520 453 or jim@knowledgemaster.com.au