Essex-based Unizone Independent Financial Advisers has embarked on an ambitious growth strategy aimed at acquiring IFAs and building joint ventures.
Neil Donnelly (pictured), managing director of Unizone, said the firm had set aside a war chest to purchase IFAs with a turnover between £250,000 and £500,000, and 50% recurring income.
Unizone has around £400 million in assets under advice and nine advisers.
Donnelly said he wanted to acquire firms where advisers shared his mind-set.
‘What Unizone is looking for in acquiring a firm is a principal who shares our views on client advice and service delivery. The company should be profitable, forward-thinking and open to its clients benefitting from a client-centric advisory proposition.’
He added: ‘We currently have a turnover in excess of £3 million. Experience dictates this is somewhat of a tipping point for IFA practices of this size.’