IFAs interested in expanding their own business by acquiring other intermediary firms can now borrow money from cru Investment Management to help complete MBOs or MBIs.
The company has launched Arch cru Succession Finance, a specialist lending vehicle, which has at least £50m available to lend to intermediaries interested in developing their business via acquisitions. Interested IFA firms must have at least 60pc of their business activities based in investments and pensions. Succession Finance will then assess the firm on the basis of its trail commission, which acts as the security for any loan. If the security is in place. it will then offer a loan note put together using structured finance product provider Arch¹s expertise, to enable them to c...
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