Website offers exit for IFAs

Paul Crutchley, partner of the sister company to Shakespeares, says IFAs are “exceptionally poor about planning exit strategies,” but also notes the site, www.forsalesold.co.uk, has drawn interest from some 3,000 IFAs during its pilot stage. Potential buyers of busineses can obtain basic information from sellers, such as turnover figures, numbers of advisers in a practice, business type and structure. Subscribers receive email bulletins with information on additional businesses up for sale. FSL says the solution has merits because it gives bigger businesses easier access to smaller fi...