Brendan McCurdy: How do you maximise the value of your practice?

If you had to sell your practice tomorrow, what would it be worth? How valuable would it be to your heirs? As advisers, we can become so busy in our day job advising clients and building portfolios that we forget to step back and view our practice as a business. Always remember, though: you are the boss of your own practice. As the boss, there is plenty on the horizon to worry about: low interest rates, rising volatility, increasing regulations, fee compression, and competition from robo-advisers. We expect these headwinds to reduce the revenues of the average adviser's practice. Imag...