An adviser is looking to acquire a book of business in Melbourne with a preference for Bayside and Southeast areas.
Income would be made up of:
- Fee for service minimum of $250K
- Insurance renewal commissions up to $750K
- Total annual Income up to $1,000,000
The acquirer would consider up to 150 clients, per adviser. They are willing to consider employing a 2nd adviser for client numbers larger than 150.
Client bases of interest are: PAYG, Professionals, Retirees, Accumulators, Mums & Dads, Tradies, SMSF’s and Retirees.
Clients’ age brackets are:
| Under 40 | 10% |
| 40-55 | 40% |
| 55-60 | 25% |
| Over 60 | 25% |
The main insurance product providers the buyer is interested are:
| TAL | AIA | Onepath | Zurich | Comminsure |
| Colonial | MLC | Asteron | BT | Macquarie |
Xplan is preferred or where data can transferred into Xplan.
The advisor has logins for most platforms.
FUM required is $15M+.
For the right cultural fit in the range of 2.2 to 2.5 RR for a speedy changeover would be considered.
Willing to pay 70% up front for the right business.
Would consider a minimum of 6 months up to 2 years (depending on the time for second instalment payment).
Finance is arranged and ready to implement.
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