M&A activity – DFM for sale
Written by Charlie Palmer on 10/08/2018

Businesses come up for sale from time to time and IFAC have a track record of introducing some top end deals.  

A sole practitioner IFA in the South East with £20m FUM paying 0.72% average each year has become available.   Unless you are a serial consolidator or have access to funds or publicly traded share certificates the right cultural fit is obviously an essential ingredient.  Please let me know if you would like an introduction.

We get regular enquires from buyers who cannot abide the long wait to achieve authorization.  Buying a shell company with a license is an attractive option.  Even having achieved that goal of a regulated firm, the setting up of bank accounts, provider agencies and the basic engineering involved in a heavily regulated retail financial services, can be very disruptive and time consuming.  
Ironically the time and effort involved often is fatal to the business itself!  And so we get quite a few come to us fed up with the effort involved getting to the start line, only to find they have no customers and they are “spent”!

So we are pleased to see this week a rare opportunity to purchase a shell DFM practice.  If you are interested in this area, a simple change in control notification is all that is required with the FCA.  

As IFAC have been saying for many years – Go-DFM to build value in your practice.  That way you reduce risk, increase control and buyers are buying a machine and process rather than – with a traditional IFA practice - a relationship.

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