The acquisition process can prove a troubling event for staff and owners, experts told PA, but there are ways that buyers and sellers can best manage this.
Speaking to Professional Adviser, The Flower Group founder Gordon Flower labelled deals "a disturbing event for IFA owners and the people involved". Flower added that the acquisition process has "an emotional toll on everyone involved, particularly those who are being acquired". "People are scared of losing their jobs," Flower explained. The Flower Group was launched in July 2023 to support the mergers and acquisitions (M&A) process for the wealth management sector. Last month (24 January), it unveiled its M&A support service for the wealth management sector, said to "reduce transacti...
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