Sale price for adviser firms almost doubles in a year

In the year to August 2013, the average sale price for an adviser firm was just £386,425. But over the last 12 months this figure has soared. The average has been dragged up by an increasing number of larger firms coming to market. In the 12 months to August, Retiring IFA valued seven businesses at between £1m to £5m. The year before the number of firms valued in that bracket was just three. Comparing these periods, the number of businesses in the £750,000 to £1m band jumped from six to 10. In the £500,000 to £750,000 bracket the number almost doubled from eight to 14. The am...