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

Three areas to review

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Brendan McCurdy: "Each year your client base will become one year older, which can reduce as much as 4% of your total revenues per year."
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Brendan McCurdy: "Each year your client base will become one year older, which can reduce as much as 4% of your total revenues per year."

By focusing on three key areas and associated action steps, writes Brendan McCurdy, advisers can give their practice the best chance of achieving its maximum value - whether that be for a sale or for a successor

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...

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