Life’s too short for regrets!

With over 60% of Financial Advisers expected to sell up in the next 3 years I’d be surprised if you haven’t already received multiple offers for your business over the years.

Finding a suitor can be challenging as the more successful you are the fewer people are able to offer you what you need for your book of clients.

Not only that but:

some firms are paying upfront
some are paying in instalments
some want you to complete an earn-out

And once you finally find a suitable buyer for your clients that’s when it can start to really unravel.

Some firms will agree Heads of Terms and then spend months chipping away at the original deal they offered you. This means that you can end up abandoning deals after months of expense in Due Diligence and then you find that you are back to the drawing board.

Our experience is that when it comes down to finding a suitable buyer, what matters most is a combination of the financial outcome for you, but ensuring that the clients you have spent years servicing continue to enjoy the level of service to which they have become accustomed.
Sadly, there is no business or IFA that is going to be as good a fit for all of your clients as you are.

Unlike the world of online dating, where people try and find that one person in a million who can meet all of their quirks and needs, when it comes to your clients and your business you don’t have to make life so hard on yourself and the good news is you’ll probably enjoy a better financial outcome for yourself and have well-serviced clients.

However, similarly to the world of online dating, if you don’t grab the bull by the proverbial horns and start seeing who is out there, you could spend the next decade mourning the one that got away.