With RDR on the horizon and all the changes that it will bring after January 1st 2013, it may be that you have decided to retire, leave the financial services industry all together or are looking to merge your company with another.
In the past, financial advisers generally sold their businesses between anything from two to four times the value of your annual renewal commission payments. Due to RDR, this way of paying for advice is unpalatable for many businesses to pay. With the industry becoming so expensive to operate in, to keep up with the regulators and with it being hard enough to obtain finance for mainstream mortgages and small business finance what is the likelihood of you being able to find a willing buyer, let alone a buyer with the financial standing or the ability to borrow to buy your business outright?
We are seeking to transfer the businesses of retiring financial services professionals to ourselves, or looking to merge with a suitable IFA. We have experience of taking over IFA Business’ in the past and know how to do it. By going direct through us, we don’t have to pay the huge introducer fee’s many third party introducer business impose on the buyer, which means more money for you, the outgoing IFA.
An immediate cash payment to the retiring IFA. This is a higher risk option to the purchaser and is normally reflected in the price as no one seems to get a good deal.
Due to RDR and effects of the credit crunch more buyers wish to pay a capital sum up front and further capital payments over a subsequent period of months.
This enables a manageable introduction of the clients by the seller to the buyer.
This is a lower risk option to the purchaser, and the price tends to be higher than a ‘Simple Sale’. This would be the ideal option for us, meaning you are more likely to get the deal you want.
Some selling IFAs may wish to continue to work as an adviser in the new business, having already capitalised.
To gain security and economies of scale, more organisations are choosing to merge with others. This can occur in a plethora of ways.
If any of this is of interest and you would like to talk with us, please use the contact us page to email us or phone Stuart or Adam
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“We have been clients of Andrew Stuart and Company for a good many years and have always found them to be professional, helpful and good communicators. They have always kept their finger on the financial pulse. We have no reservations in recommending this Company.”
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