Retiring IFA Birmingham

Retiring IFA Birmingham

Are you a Retiring Independent Financial Advisor or looking to sell your Birmingham IFA business?
 

Birmingham is an important centre of business for Berkeley Cannon. We specialise in working with retiring Independent Financial Advisors based in or around Birmingham to provide a competitive review and valuation of their business to present to our established portfolio of IFA acquirers.

Berkeley Cannon specialise in retiring IFA business sales with valuations of between £250K and £100 million. Our IFA executive team identify the unique selling points of retiring IFA businesses and present them to potential IFA acquirers. Our London staff are chosen for their academic IFA knowledge and experience. They have backgrounds with leading investment banks, legal institutions and accountancy firms so  understand the needs of retiring IFA sellers and buyers and how much an established Birmingham based  IFA  company is worth in the current market.

There are a number of stages to the retiring IFA sales process:

Review - Exploring the value of the retiring IFAs business is the first step. Our staff diligently work to develop a thorough understanding of the retiring IFA company assets and offer a review and valuation based on our research as what an established Birmingham IFA business might be worth to a prospective IFA acquirer.

Instruction – Once the retiring IFA, decides to move forward with Berkeley Cannon to sell their  Birmingham based IFA business, we can assist at no cost associated with the research and creation of both of Information Memorandum.

Memorandum Production - We create both a summarised 1 page Information Memorandum (IM) and detailed IM to present to potential IFA acquirers. A detailed IM  is usually 12-20 pages long and forms the core of our marketing material. The summarised 1 page presents a biography of your business, USPs and key assets to pique the interest of potential IFA acquirers.

Identify suitable IFA Acquirer – We then in a targeted manner send a focused summary to your most likely acquirers, this is usually done on a no named teaser basis . If they express an interest in your  Birmingham  based IFA company, we send an NDA (Non-Disclosure Agreement) before we send them a full IM, so the potential IFA acquirer  has all the information needed to decide whether they want to meet with the retiring IFA seller and are prepared to offer a purchase price in the region of our estimated value. In many cases we do not need an NDA as we have long Deal Histories with these Buyers, so when we make our recommendations, you know they are with proven parties we trust.

Meeting - Once the buyer has signed the NDA and has received and read the detailed IM and we liaise with the retiring IFA business  owner to organise a meeting in Birmingham. IFA acquirers may present a multitude of offerings from share swaps, to earn out agreements, to full sales on completion date.