Consultancy firm Harrison Spence has rolled out a guide for financial advisers who are considering selling their businesses.
The publication ‘Selling your IFA Business’ addresses the multifaceted nature of selling a business and helps IFAs to reach a decision to sell.
It covers a range of topics including reason to sell, the best time to do so, what to do first, getting the best deal, whether to use a broker or act alone and pitfalls to avoid.
Alan Marks, managing director of Harrison Spence, said: “We comprehend the emotional and financial significance of parting with a business, particularly for financial advisors who have dedicated themselves to cultivating successful practices. I head up a company that solely deals with Financial Advisors and it is an industry that we have extensive knowledge of.
“I’ve been an IFA myself, and over the 12 years or so we have been dealing with mergers and acquisitions, the same questions keep coming up time and again. As a business, we never charge for any initial consultation anyway, so I thought, why not – let’s make an easy-to-read guide answering all the basic questions.
“Our guide reflects our unwavering commitment to empower advisors with the tools they need to make astute decisions and realise their envisioned outcomes.”