A successful (Perth Based) FP group is looking to acquire a book of business in Perth.
This vendor is highly experienced with extra capacity to service grow and maintain FP businesses.
Annual income ranges from $80K+ up to $1M+.
Income would be made up of:
- Fee for service $3,000+ per client.
- Insurance renewal commissions (if attached to fee for service client no issue).
- Total annual Income. No cap.
Methods of preferred fee payments by clients – Platform or from cashflow.
All types of clients/family groups considered. Client bases with PAYG, Professionals, Retirees, Accumulators, Mums & Dads, Tradies, Farmers, SMSF’s, Property holdings, Share portfolios and Retirees.
Age brackets of clients preferred: 40-55, 55-60 and over 60’s.
Records storage systems can include. Hard cover files. XPlan. Adviser Logic, Agile. All systems considered.
Platforms the acquirer currently uses are CFS and Expand but all options considered.
Businesses with strong referral partners are an advantage.
FUM required is ideally clients with more the $500K is most desirable.
Acquirer is prepared to consider 2.8 times recurring with 80% up front and the balance within 2 years subject to rise and fall conditions.
Will look at the vendor staying on for up to 2 years but will consider all options. We have offered this previously and would be a consideration for the right person.
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