Specialist Mortgage and Financial Advisors For Sale

Business description

This is an excellent opportunity to aquire a market leading company for sale with a highly desirable client base. This independent, directly authorised mortgage and financial advisors have been in business since 2002. During this time they have established a sterling reputation for providing niche products and advice which are difficult to obtain elsewhere.

The business offers two main services, wealth management and mortgage advice.

The wealth management side of the business provides financial advice to indviduals and companies. It also offers specialist tax advice,bespoke investment products, an inheritance tax avoidance scheme and general tax ,pension and insurance advice.

Mortgage advice is the other side to the business,offering clients the best advice and mortgages possible. With the advantage of mortgage packaging, the company is able to speed up the mortgage process.

The company is fully conversant with all current legislation and guidelines relating to the Financial Services Authority and has its own strict internal standards that it adheres to at all times.

Customer Service

With a high end client base it is important that the business can offer niche market wealth advice to their clients. The busines is fully committed to providing the very best service and the highest possible standard of advice . These levels of customer service are maintained through ongoing training and development and further backed up by the company’s impressive client retention.

Key Strengths

Because the company is able to offer a consistent high level of service and advice to its clients,it has built up an enviable reputation, in the higher and more affluent side of the financial sector in the North East.

The business has developed a broad portfolio of financial and mortgage services. This includes bespoke investment products, including, a devised investment bond which allows avoidance of inheritance tax.

The wealth management side of the business was formed in 2002.It has matured, with a strong and growing customer base,retaining a high level of return business. Major services for this high end niche market are tax and trust advice and long term care planning.

The mortgage advice side of the business was formed in February, as a growing number of clients showed a demand for this service. Being able to offer a full packaging service has been a tremendous advantage with sales and profits increasing each month.

Property information

Location:

The modern company office is located in a business park a short distance from a busy North East city centre. The offices are open plan and circa 3,500 sq.ft., with a boardroom and directors offices. There are four meeting rooms, a staffroom, kitchen and wc. The offices are centrally heated and have the benefit of air conditioning. The lease has until 2010 to run with an option to extend to 2015 after a rent review.The offices have space to house more people if required. Rent is circa £28,000 p/a with rates of circa £13,000 p/a.

Technology

The business maintains the expected technology for such a successful operation. This includes, SMS dial in software. Fin Plan, back office system which enables easy to locate reviews and also tracks commissions. There is also a Super Lease line ,which quickens up Broadband connection and an updated, state of the art server.

Other information

Expansion potential:

The company boasts an affluent base of satisfied clients.There is a genuine need for tax, and investment advice, within this sector of the market. Property investment is also an area of huge growth, this is why the company moved into mortgage services.

There are at present 700 clients on the wealth investment sector of the business and allready 1200 mortgage clients. Most of the clients are private investors and there is a huge opportunity to obtain business within their other commercial interests.

With such a database, growing all the time, there are other areas for the company to take advantage of, including, pensions and corporate schemes, both of which have not yet been investigated.

The company invested heavily in a marketing campaign to launch the mortgage services,advertising on local radio, t.v and press. There is a website, but the business has failed, up to now, to take adventage of this medium.

Support & training:

The business runs smoothly and is easy to administrate. The owners will be happy to help with a smooth transfer and handover.

Reasons for selling:

The current owners would each like to pursue different opportunities and feel the time is right for them to sell the business.

Contact the seller