Project Description

A successful adviser, based in Robinvale (VIC) who has been in the industry for 18 years plans to retire due to a health situation in the family. The business is mainly risk and personal super.

The main product providers are:

AMPTALAIAOnepathZurich
ColonialMLCAsteronBTMacquarie

 

Insurance premium income is about $50K pa. FUM is $14 million. Gross income for 2017/18 was $140K. After AFSL split and PI, nett income was $108K.

There are some 1,500 names in the register. Approximately 50% of the clients are in the Sunraysia area, 45% are located in Melbourne and the balance interstate.

The make-up of the client base is PAYG, Professionals, Rural businesses, Retirees, Accumulators, Mums & Dads and Tradies.

The clients’ age brackets are roughly:

Under 405%40-5540%
55-6050%over 605%

 

The owner is the sole employee and manager of the business.

Potential

Fact finding has not been done for many of the clients for some years now due to a family health issue of the owner. The following are the opportunities for reviews:

  • Convert stepped premium to level
  • Convert upfront commission to level or fee for service
  • No trauma cover written in last 4 years
  • Cross generational referrals
  • Super amalgamation opportunities

This is an ideal opportunity for someone looking to acquire a client base that has a good relationship with a caring professional, that needs reinvigorating.

The vendor is willing to talk attractive terms with amajor upfront investment, reasonable handover protocols and standard run off provisions on a WIWO basis.

For more information and a prompt introduction please contact Jim Prigg on 0408 520 453 or jim@knowledgemaster.com.au