An adviser who has been in the industry for over 25 years is looking to retire. The book is made up of Retiree’s, Farmers, SMSFs, Tradies, Accumulators, Mum & Dads and Centrelink clients.
Total recurring revenue of the book is made up of:
- Fee for Service: $73,000 (Ex GST)
- Insurance renewal: $78,000 (Ex GST)
- Total: $151,000 RR
- There is a comprehensive Opt-In & FDS system in place and the fee structure has shown healthy fee increases over the last few years.
- Fee payments are a mix of direct monthly deductions and monthly platform.
- Up to date systems & processes with all clients on X-Plan which has been kept up to date.
- The advisor has an excellent compliance history & never had a client complaint. There is no gearing or margin lending.
- The advisor is very keen for a warm handover period to secure a smooth transition to the new advisor.
The retiring Adviser is looking for a multiple of 2.8 times RR, with 80% upfront with the balance paid after 12 months.
Preference will be given to acquirers with approved funding in place rather than a contract subject to finance.
The client register is updated and will include all category 1, 2, 3 & Centrelink fee paying clients.
The following are the opportunities for reviews:
| Cross generational referrals | Risk Insurance Focus | Mortgage Broking |
| Shares | Property | Finance/Leasing |
| Finance Broking | General Insurance | Estate Management |
| Accounting | SMSF | |
| Investment | Estate preservation and equalisation | |
The listing will show the fee paid, postcode and age of the clients and will be made available to genuine parties.
For more information and a prompt introduction please call Jim Prigg on 0408 520 453 or jim@knowledgemaster.com.au.