- Preferred location is local to North Sydney. However, consideration would be given to interstate if located in capital cities with the right cultural fit.
- Practice income sought is $350K to $1million per annum.
- Open to valuations based on ongoing revenue or EBITDA multiples.
- The multiple would be dependant on the makeup of books and alignment to key selection criteria.
- Desired income would be comprised of fee for service clients, but they are open to commission based books.
- Open to accumulators and/or retirees type books. No specific preference as the acquirer can add value to clients in both phases across their wide value proposition and intergenerational wealth initiatives.
- Finance is approved and ready to be allotted to suitable acquisitions
- Aligned with national dealer group.
The acquirer:
- Is a comprehensive wealth management practice providing advice to individuals, families and businesses for over 40 years in North Sydney NSW.
- Has In-house advice propositions that includes cashflow, debt, superannuation, retirement, insurance, investment/gearing and aged care.
- Has a Trusted Partner Service which involves referring clients to quality, long term referral partners in accounting, estate planning, conveyancing and property procurement through a buyer’s agent.
- Has 17 staff locally, including 7 advisers and 1 mortgage broker, plus 5 staff offshore. Average staff tenure is 6 years.
- Clients are predominately white collar, PAYG professionals and their families. Average client tenure is 12.6 years
- Has a 4.5 compliance star rating, demonstrating the quality of their advice and the credibility of their advisers.
- Runs a solid investment philosophy, drenched in governance and anchored in active and passive SMAs
- Advice is generally placed within HUB24 or North platforms.
- We are less inclined to hire employees along with the acquisition, unless the employee was of an impressive calibre.
For a private discussion and referral, please call Jim Prigg on 0408 520 453 or email jim@knowledgemaster.com.au. Thank you.