David Mitchell, partner and head of valuations, and Roger Wilcock, senior manager, valuations, at BDO, examine the valuation approaches most suitable for advisory firms.
The Retail Distribution Review (RDR) has had a significant impact on the way consumers buy financial services. The shift in the way that commission is charged has meant that the strategies of many advisory businesses have had to change in order to come to terms with this new reality. However, for many businesses, the cost of change both in terms of time and resource has forced some owners to consider their position. As businesses have started to consolidate to achieve economies of scale, the question on many advisory firm owners’ lips is: what is my business worth? Essentially, the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
