An excellent opportunity to acquire a small, well-established fully licensed asset management/financial advisory/planning/discretionary portfolio business based in Hong Kong.
With clients, recurring income, management, administrative and compliance systems in place, this profitable ready-made business is the perfect stepping stone to solve your licensing needs, to get up and running from day one and to expand throughout lucrative markets in Asia.
Established in 1997, the small but profitable business is offered for sale to facilitate the owners eventual retirement. The owner (Responsible Officer) and admin support staff will stay on for one year to ensure an orderly transition, and are also open-minded to the possibility of a longer-term role.
The primary activity is discretionary portfolio management (SFC Type 9 license) focussed on portfolios of investment funds (unit/investment trusts, mutual funds etc) also advising on securities (SFC Type 4 license) for mass affluent private clients – mostly Expatriates resident in Hong Kong, although the company also serves clients who have relocated to other countries.
The company is also licensed by the Insurance Authority (IA) as an Insurance Broker, and registered as an MPF Intermediary by the Mandatory Provident Funds Authority.
The current focus is on mass-affluent Expatriate clients, as mentioned, although attention could easily be turned to the somewhat larger local Chinese market with appropriate staffing in place. Indeed, the business model could be changed to suit the acquirers preferences. Irrespective, the existing business can continue to be managed easily.
The company recently passed a routine regulatory SFC inspection. There are no client complaints nor any issues with Professional Indemnity Insurance.
