Advisers desire exit in five years but admit readiness issues

M&G poll reveals half of adviser business owners want out in five years

Jenna Brown
clock • 3 min read

More than half of financial advisers are looking for an exit route from the profession in the next five years, however, many admit to a lack of readiness for sale, according to an M&G Wealth poll.

The provider said more than half (51%) of business owner said they wanted to sell up within the next five years, with 16% saying their time horizon was just two years. The poll of more than 150 advisers was held during its Future proofing your business for a sale - now or in the future webinar jointly hosted by The Exit Partnership. The preferred exit route was a sale to privately-owned business, with 67% opting for this method. Some 18% said they wanted an internal management buyout, 9% hoped fir an external sale to a private equity/venture capital owned firm and just 6% for an in...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your Business

All the advice firm acquisitions that have taken place in 2024

All the advice firm acquisitions that have taken place in 2024

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 17 May 2024 • 1 min read
To consolidate or not to consolidate: A panel debate

To consolidate or not to consolidate: A panel debate

‘We believe in our ability to be nimble and do the right things for our clients’

Isabel Baxter
clock 17 May 2024 • 3 min read
IFA business owners must nurture culture to boost staff retention

IFA business owners must nurture culture to boost staff retention

Importance of onboarding process should not be underestimated

Jenna Brown
clock 17 May 2024 • 2 min read