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Opportunity to acquire substantial renewal book

There is an opportunity to acquire a longstanding respected business based in Northland with high level of diverse recurring revenue, two third from insurance business, and roughly one third from investment business. The investment fees are mainly derived from higher growth KiwiSaver funds. 

• Sole Adviser with office manager
• All records on X Plan – backed up on Cloud
• Risk persistency: 90% plus
• In-force premiums stable over last 5 years
• FUM growth over last 5 years
• Total annual recurring revenue $230,000

SECTOR and % of renewals
RISK                             29%
LEGACY                         2%
HEALTH                       39%
MANAGED FUNDS      11%
KIWISAVER                 19%
TOTAL                         100%

Excellent potential in the base – has been serviced but not sold to. Please call me if you would like to discuss the opportunity further. 

 

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