Selling a Financial Advisory Practice

Keys to Selling a Financial Advisory Practice


Advisor Successions can help by introducing you to a independent, third party valuation firm in order to determine the market value of your specific business.

 Whether you are planning on buying or selling a business, or you want to create a death and disability plan, market estimates are a great resource for advisors that are curious about the value of their business for planning purposes.

Whether you plan to transfer your practice to a partner, family members, employees, or a third party it is important to understand the value of the company. Regardless of who is most likely to be the successor, it is important to know how and why that value can be different for each of the parties. Advisor Successions helps connect sellers across the country with prequalified buyers. This proven process helps to reduce the headache of finding the right successor, thus removing the guesswork.

Why Have Your Business Valued

  • Determining the value of a business for present or future sale

  • Succession planning

  • Updating/Creating death and disability plans for your business

  • Implementing equity compensation strategies with key staff

  • Obtain larger business lines of credit

  • Eliminate partnership disputes

  • To gain more insight into your financial condition

  • Identifying key value drivers to increase business value

 Why Create a Succession Plan

  • Give you the ability to have more flexibility with your schedule

  • Help you to reduce or eliminate administrative responsibilities

  • Have a plan in place in case there are unforeseen circumstances, such as death or disability

  • Fund the changeover of a retiring partner

  • Prevent/relieve the anxieties that clients may experience when switching advisors

  • Ensure that your business will be able to continue to function and grow even after it has been sold