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Acquisition, Growth and Exit Strategies

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❶It may seem like an obvious question to consider when debating the merits of an acquisition:

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Valuing A Financial Advisory Practice For Purchase

His journalistic experience includes five years spent abroad, where he was editor of an oil and gas title in the United Arab Emirates along with other in-house and freelance projects, which included stints in motorcycle and automotive journalism. Professional Planner is recognised as the leading monthly publication for in-depth features and analysis of key issues and events that affect you, your business and your profession.

The ageing of the population — including financial advisers and the broader community — is well documented; and the challenges are significant to ensure that the future is bright and indeed prosperous for everyone. In recent years we have often been asked to assist a buyer or seller of a financial planning business to navigate their way through the process of a purchase or sale, which often feels like a journey through a maze — with various twists, turns and options.

We have assisted in a number of ways, from helping with due diligence, to simply providing external input to help separate the wood from the trees. This list is by no means exhaustive, but touches on some key areas we have found to be critical in this complex area.

Oh, and by the way, according to the latest stats derived from our consolidated HealthCheck database, while there has been some improvement in this crucial area in recent years, just 29 per cent of practices have a clearly documented succession plan, while just 8 per cent have an effective overall program in place covering not only the plan itself but also identification of all possible successors and funding options.

We have seen a number of situations where the seller is ready to sell but the business is not in a good position to be sold. Irrespective of the age of your business, start planning for your exit now.

Could your business function effectively without you or someone else? Someone famous once said that you can only leave the business in one of two ways — vertically or horizontally! This article addresses the vertical — but do you have the horizontal covered? And even if there is no immediate goal to sell, the planning exercise itself can produce a real return. Have the business independently valued to determine its market value.

There are many factors that need to be taken into consideration: A good question to seriously ask yourself is: If not, why not? How much would you really pay for your business? It sounds obvious, but it is important to establish upfront what is involved in the potential transaction.

For example, are you buying or selling a revenue stream only or does it include office premises, furniture and equipment, hardware and software? And what about staff entitlements?

All this needs to be decided at the start and included in an overview document for potential buyers. This is a business f Available on request Australia is a nation of small businesses and a TaxAssist Accountants franchisee is perfectly placed to service this growing market. Join an award-winning accountancy franchise More than fr Join an award-winning accountancy franchise More than fra Join an award-winning accountancy franchise More than franch Franchise Opportunities that match your search Red Rock Mortgages Franchise One of Australia's leading specialist mortgage finance companies.

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As the financial planning profession matures, there is a growing interest in the opportunities to buy and sell financial planning practices, both for investors, for existing firms looking to grow, and for new planners looking to enter the business. However, industry statistics suggest that.

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want to buy a financial planning business Find the answer to this question at BizBuySell - the Business for Sale Marketplace.

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By Ray HendersonMay 14, Whether it’s the purchase or sale of a financial planning business, the success of the transaction hinges on several critical areas. Ray Henderson ageing of the. Financial Planning Businesses for Sale KM-admin T+ Want to Buy A Financial Planning Business? The KnowledgeMaster organisation can help advisers looking to buy a business find the right business for sale.

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A financial planning practice loan can help fund the purchase of an existing portfolio or a commercial property to use as your business premises. Browse Financial Businesses for sale on BizQuest. The United States tops the global market for financial services. There are number of financial advisor businesses for sale on a regular basis. If you're looking for a financial planning business that might be for sale, consider something in the Investment banking industry – it brings.