Maybe the time is right ?

by | Mar 15, 2020 | For Clients

For as long as I can remember (and I am talking 30+ years) it has been stated the average age of an IFA was 58 years old. It never changes and that’s despite there being over 90% reduction in the numbers of advisers since regulation was introduced in the late 1980’s.

When I started with Harrison Spence in 2010, we had loads of sellers and a small number of buyers. This meant that the prices paid and how it was paid was controlled by that select group of buyers.

Following on from RDR the number of buyers has steadily increased, both regional and national players giving far better choice to sellers with the effect that the multiples paid have increased and more importantly we now regularly see initial payments over 50% of the agreed price and in some cases as much as 70% up front.

Can you image that scenario a few years ago, a large tranche of money upfront?

We are seeing more of these deals than ever as buyers adjust their offerings to tempt business owners to sell.

Market conditions are currently in your favour. If you are thinking about your future whether that be selling and leaving as soon as possible after that or if you would like to secure a capital sum but continue working for a period of time after that, then there has never been a better time to speak with us.

As the leading consultants in the Retail Financial services sector we are well placed to assist you in achieving the best possible deal for you and your requirements.

For a confidential conversation please do call me.