Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a636695

Unizone embarks on acquisition drive as part of growth strategy

by Michelle Abrego on Nov 27, 2012 at 15:24

Unizone embarks on acquisition drive as part of growth strategy

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.’

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy

Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:



Acquisition frenzy! The 10 biggest buys of the month

by Jun Merrett on Jul 29, 2014 at 13:52

Sorry, this link is not
quite ready yet