In the first of a series of articles, Jacqueline Lockie outlines how adviser business owners looking to exit should prepare themselves and their firms. Forward planning is essential when looking for a successor...
Much has been written about the evolving financial advice market. In the UK there are significant numbers of small financial planning firms. Data from Financial Conduct Authority (FCA) suggests that there has been some consolidation of the number of firms but no reduction in the number of regulated advisers. What can you do if you own equity in a small financial planning firm and want to start planning your exit? How will you structure that? What will happen to your clients? Will they still be given the same level of service that you have given them? What about your team? Will they stay ...
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