You can plan retirement with ease
Your clients will receive continuity of available advice
There’ll be ongoing support without any disruptive transitions
The process, effort and disruption of selling an IFA practice to a third party is greatly underestimated.
Most financial advisers are able to build good client relationships which turn into good business; but what happens when you decide to retire and sell your practice?
When you look closely at the process and activities needed to sell to a third party, as guided by the FCA, the sale becomes less attractive over succession.
Succession is the process of passing your business on within the firm. It is the simplest and best solution, and when implemented properly, can be legally binding too.