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...
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