• We want to buy operationally strong companies that share our values and vision

• We want owners, advisers and staff to be committed to Morningside Financial, and partner with us in building an independent company that offers outstanding service to its clients

• The companies we purchase will need to offer a reasonable financial performance

• We believe in keeping an open mind and will look at all opportunities objectively

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Target Requirements

 

• An excellent fit in terms of culture and values

• A proven service offering, with clients at the heart of everything

• Business purchase must have a positive or neutral client-impact

• Business must be profitable

• Strong levels of recurring income and good average OCF 

• Retiring shareholders who are willing to commit for 1 – 4 years post completion, or shareholders looking for a capital event

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Target Nice to Have

 

• Extensive use of digital technology (including client app / portal)

• Cashflow modelling

• 100% equity purchase (rather than client bank)

• Ideally, average client age to be c65 or below and a manageable client geography

• A diversified income stream with the majority from individuals / families rather than corporate

• Limited exposure to esoteric products, DB transfer advice etc – additional DD required

• Other advisers in the business who could take over a retiring IFA’s portfolio

• Employed advisers (or purchase price adjusted accordingly)

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