A successful (Sydney based) FP group is looking to acquire a book of business preferably in Sydney but would consider opportunities in ACT or within 100Km of CBD of Sydney.
This vendor is highly experienced with extra capacity to service grow and maintain FP businesses.
Annual income range of interested ideally up to 800K+.
Income would be made up of:
- Fee for service
- Insurance renewal commissions
- Annual consultative work
- Total annual Income. Up to $1M.
Methods of fee payments by clients – Platform or cashflow.
Interested in up to 250 clients/family groups for acquisition.
Client base types sought are: PAYG, Professionals, Retirees, Accumulators/Asset builders, Mums & Dads, Tradies, SMSF’s, Superannuation clients, Small business and Family oriented groups.
Main insurance product providers you are interested in:
| TAL | AIA | Onepath | Zurich |
| Comminsure | Colonial | MLC | Asteron |
| PPS Mutual | Macquarie | BT | AMP/AXA heritage |
Records storage system preference are Hard cover files, XPlan, Adviser Logic, Agile. In the cloud. (flexible)
Strong referral partners are an advantage and FUM required is ideally for clients with more the $500K.
Up to 3.0 or more times for the right cultural fit.
The acquirer would be very happy to work with any vendor that may wish to pursue a merger opportunity rather than an outright sale.
Finance is arranged to move potential acquisitions forward quickly.
The buyer is willing to talk attractive terms for the purchase with an upfront investment, reasonable handover protocols and standard run off provisions.
Finance ready to go for the right partner.
For more information and a prompt introduction please call Jim Prigg on 0408 520 453 or jim@knowledgemaster.com.au