An adviser is looking to acquire a book of business in the Gold coast/SE Qld. region. Income would be made up of:
- Fee for service $400,000 – $500,000
- Insurance renewal commissions $100,000 – $200,000
- Annual consultative work
- Total annual Income up to $600,000
Methods of fee payments required: Majority through platforms.
Client Numbers Up to 120
The make-up of the client base required is PAYG, Professionals, Accumulators, Mums & Dads, Farmers, Property, Shares, Self Employed.
Clients’ age brackets preferred are:
| Under 40: 15% | 40-55: 20% |
| 55-60: 50% | Over 60: 15% |
The main insurance product providers the buyer is interested in are:
| TAL | AIA | Onepath | Zurich |
| MLC | Asteron | BT | Metlife |
The records storage system preferred are. XPlan In the cloud/SharePoint MyNorth, HUB 24 and BT Panorama.
Minimum FUM is $40M
The buyer is looking at multiples of up to 3.0 times for the right cultural fit and would pay 70% up front and the balance over 18 months.
Willing for vendor to be available for consulting for 12 months and would offer an additional incentive on the multiple for 18 months for the vendor to stay on in an advisory capacity.
The buyer is 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 520 453 or jim@knowledgemaster.com.au