Welcome to
Retirement Solutions for IFA's

The real people and the real stories behind their retirement.

Based in Yorkshire, this IFA sole trader sold his business to Bright in April 2009.

‘Because of the way in which I had structured the business its true value was not reflected in my ongoing level of renewal income. After a number of meetings with Bright and, of course, their due diligence process, we agreed a purchase price based on the funds under management. Bright paid a price that truly reflected the worth of the client base, provided me with a renewal multiple in excess of those currently being paid and provided Bright with a client base that could be well serviced by their advisors.’

The retiring IFA worked with Bright affecting introductions of his clients to our advisors and following a six-week handover period he has now retired. The agreed purchase price for the business is being paid over a three-year period.

Based in the North West this company held a number of meetings with Bright as part of their retirement planning over the past two years.

‘Over that period I was planning for my retirement and gradually reducing my support staff. In May of 2009 we finalised the deal. My client base was spread throughout the UK and I primarily chose Bright as my preferred retirement solution because of the agreed purchase price. Bright’s ability to service my client base and the experience and knowledge gained by them over recent years also influenced my decision.’

The retiring IFA chose Bright as his preferred partner to retirement not only because of the financial viability of our deal, but also because of our growing reputation for ongoing servicing of the retirees clients, many of whom he had worked with for decades.

This LLP based in Yorkshire joined Bright as part of their retirement plans. Both partners have joined Bright as registered individuals for an agreed period of time, at the end of which their business will be purchased.

‘The initial documentation prepared by Bright detailed the manner in which we would both work for Bright, the agreed purchase price of our business and how the business would be bought out following our retirement. It was all very clear and straightforward, providing us with certainty whilst working towards retirement.

Over the fourteen month period that the two registered IFA’s will be working with Bright, their business will be gradually transitioned across to us, with all literature and marketing reflecting the change over the period.

Based in the Pennines, this IFA completed the sale of his business to Bright in June 2010.

“I was introduced to Bright by my Compliance Consultants and one of the insurance company consultants that we had a considerable book of business with. I mentioned to both of them that I was going to retire in 2010 and they both recommended Bright.

Over a three month period we commenced discussions, agreed a valuation basis and payment term and affected introductions to my key clients.

After over 30 years in Financial Services I have now retired, confident that my clients are being serviced and that I am receiving a fair value for my lifetime’s work.”

Based in the Lake District, this IFA sold his business to Bright in June 2010.

"I originally decided that I wanted to retire in 2008, prior to the implementation of the Retail Distribution Review in 2012. In 2008 I held discussions with a number of potential acquirers of my business and continued to have meetings with them until the beginning of 2010.  I then narrowed the choice of acquirer down from three to one and worked with Bright throughout May and June to finalise the sale of my business and to ensure my clients were introduced to the appropriate advisors.

From my perspective, as well as the purchase price I achieved for the business, the other key thing for me was the  confidence I had  in Bright’s ability to service the clients.  Living in the Lake District, it is a very close community and the majority of my clients are now friends.  I spent a full day with Bright going through my clients, what their particular needs were and what type of advisor I thought would be appropriate for the clients.  Bright then compiled a database of my clients and we sat down and agreed a programme of introductions to all of the ‘A-list’ clients. 

This has now been completed and I have been very impressed with the professionalism and the empathetic manner in which Bright has started servicing my former clients.”
The purchase price that we agreed for this business was a significant multiple of the traditional renewal and was more a reflection of the  funds under management.  The purchase price for the business is being paid over a two-year period.