ARE CHANGES IN THE INDUSTRY MAKING YOU THINK ABOUT SELLING YOUR IFA BUSINESS?

The timing of selling your business can be crucial if you wish to maximise the return on all of your years of hard work. However, with recent FCA Directives such as MIFID II, Senior Managers & Certification Regime and DB pension issues, you may feel pressured and rushed into finding a quick exit strategy. This may not actually be your best option and almost certainly won’t give you your optimal return.

The last thing you want as an owner is to sell your business in a rush in response to firefighting issues such as difficulty with Professional Indemnity insurance. For some firms DB pension issues are resulting in a significant increase in the cost of Professional Indemnity Insurance or even causing issues in obtaining PI insurance at renewal; this in turn may give some business owners reason to question whether it is worth carrying on.

Here at BBG, we work with a significant number of Financial Advisory firms who are looking to expand their businesses through acquisitions and would be open to discussing options with firms considering succession plans and exit strategies.

It may be that you want to sell your IFA firm and retire or maybe you would prefer to carry on working for a number of years; whatever your goals we can assist in finding the most suitable option for you.