Are you considering selling a financial advisory practice?

Whether you are ready to sell now, thinking about getting your practice ready to sell in the future, or in the early stages of creating an exit strategy, connect with us today to receive some top tips on determining and increasing the value of your practice!

 
 

Do I want to sell my practice?

This question can lead to consideration of some perhaps emotional and difficult questions like:

  • How much longer do I intend to be in this business?

  • When I exit the business, who would I want to take care of my clients?

  • How can I trust that my successor will do the right thing?

  • What will I do when I am no longer working as an advisor?

  • What will happen when I reveal my plan to my clients? My staff? My family?

  • What have I accomplished?

  • What is my legacy?

As you begin to think about selling a practice, there can be some items to consider leading up to the time when you are ready to sell.

Here are some ideas for the pieces that you can have ready to show a potential buyer, and ideas on how to increase the value of your practice:

  • Create and maintain a written breakdown of your client base

  • Create and maintain a breakdown or production record of the revenue sources to the practice

  • Identify and update current copies of any business plans, descriptions of company, or brochures.
    … and so much more.

When beginning the process of actually valuing your practice, there are three commonly applied methods to use:

1. The Multiple Method

2. The Income Approach

3. Third-Party Valuation

Learn more about each of these methods in our white paper by requesting a copy below!

Are you ready to sell your practice? Here is what we offer:

  • Competitive valuation and pricing for a high quality practice

  • Streamlined onboarding for clients and advisors

  • Client support to ensure smooth transition


…and more!

Get in touch with us to learn more:

 

Mainsail Financial Group does not offer legal or business valuation services.

 
 

The Investment Advisor Representatives (IARs) use the trade name/DBA, Mainsail Financial Group. All securities and advisory services are offered through Commonwealth Financial Network©, Member FINRA/SIPC, a Registered Investment Adviser. For a current list of our IARs please visit our website. Fixed insurance products and services offered through CES Insurance Agency. This communication is strictly intended for individuals residing in the states of AK, AZ, CA, CO, GA, HI, ID, IN, MD, ME, MO, MS, MT, NC, NJ, NY, OR, TX, UT and WA. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services.