Finance Options for Financial Planning

First Point Group can provide finance options for Financial Planning / Financial Services.  Below is a brief summary / example: 

Loan Purpose: 

Our Consultants can provide funding options for Financial Services / Financial Planners looking to finance any of the following: 

  • Purchase of an existing portfolio (can include buying out an outgoing director) 
  • Working capital up to $50,000  
  • Refit of premises 
  • Refinancing of existing borrowings 
  • Superannuation contributions 

Maximum Loan Amount: 

Dealer Members: Lesser of 70% of purchase price of practice being acquired or 2.25x annual renewal income or 3.75x EBIT. 

Independent Advisors: Lesser of 50% of purchase price of practice being acquired or 1.75x annual renewal income or 2.6x EBIT. 

Loan Term: 10 years 

Security:

Partnership/Firm: Charge over all the assets of the dealer member (including renewal income) in the form of a general security agreement (GSA) or specific security agreement (SSA) as applicable including Authorised representative agreement. 

Company: General security agreement (GSA) over the company’s assets including uncalled capital, Directors’, shareholders and owners guarantees.  Security held over AFSL holding entity. 

All: Key-man insurance required for a minimum of 50% of borrowings.

Please contact us to discuss any opportunities.

Kind regards,

Simon, David, Ross and the FPG Team