Adviser M&A enquiries soar

The firm, which advised on the recent acquisition of Wills & Partners by Oval Group, believes more and more advisers will look to consolidate in 2009 as the economic downturn prompts firms to examine their cost efficiencies. Brokers4sale.com has observed a 40% increase in enquiries over the past twelve months, and says many firms are keen to buy. "Interestingly we are still getting more enquiries to buy than to sell but there is more of a balance than six to 12 months ago," says senior partner Gary Medcraff. He says mid-sized firms are looking to expand, and many have access to fundin...