Giles Dunning: The pitfalls to avoid when selling your IFA firm

Due diligence challenges

clock • 4 min read

Advisers seeking to sell in the coming months must ensure their firms are ready to find a buyer post-pandemic. Giles Dunning looks at how to avoid the pitfalls that could impact on a successful deal

Planning to sell in 2021? After months of lockdown, problems could have set in that may affect your chances of a smooth sale and now is the time to fix these and prepare your business for what are likely to be enhanced due diligence requirements. In these exceptionally difficult times, many IFAs have adapted well, finding new ways of working and, largely, switching to home working. But a remote workforce and potentially some lapses in monitoring and record-keeping could mean it is harder for potential buyers to gain a full picture. The legal due diligence process is an integral and es...

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 Companies

Advice veterans launch wealth firm with ex-England Rugby star

Advice veterans launch wealth firm with ex-England Rugby star

Derek Miles and Kyle Augustin unveil Nine Edge Wealth and appoint Matthew Dawson

clock 18 March 2026 • 2 min read
Fintel CEO on platform joint venture and AI plans

Fintel CEO on platform joint venture and AI plans

Believes many current AI solutions will ‘soon become commoditised’

Isabel Baxter
clock 17 March 2026 • 3 min read
Plannr launches mobile app for advice firms

Plannr launches mobile app for advice firms

Extends its client portal to mobile

clock 17 March 2026 • 2 min read