Fee-based adviser support service Threesixty has given advisers looking to sell their businesses the chance to showcase their services on its website. The move, which has also seen the firm mail a number of network members and directly-authorised advisory practices encouraging them to submit their details, is part of a plan to offer clients who have registered for the service access to numerous potential business opportunities.
Threesixty is building up a database of its own clients interested in mergers, buying client banks or employing advisers and para-planners and matching them with firms and individuals looking for offers. The firm is also offering a guide for potential businesses called 'A Sellers Guide to Business Consolidation' on its website www.threesixty.co.uk as well as running a series of workshops for advisers on how to prepare their firms for sale.
"Threesixty clients operate predominantly at the higher end of the IFA market," said Phil Young, a partner at the firm. "Several are looking to expand their businesses. However, it is a time-consuming and detailed process. This is a free service Threesixty offers to support its clients."
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress