Stephen Hagues, managing director of business brokers Retiring IFA, assesses whether now is the time to sell your firm.
Quality clients with funds to put under management are the lifeblood of any front-end financial services business. The prospect of many IFAs exiting the industry and leaving their client bases up for grabs has prompted a gold rush of other IFAs, product providers and fund managers among others, lining up to acquire the available funds under management. However, the reality is very few IFAs are selling at the moment. Those with low recurring income or who are still working a transactional model have very little trail to sell. The bottom line for these people is it is simply not worth sell...
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