Buying or selling a practice can be a life-changing process that you only encounter once or twice over the course of your career, while teaming with other financial advisory practices requires strategy, clarity and in-depth study. Our role is to guide you through these processes in a wise, efficient way. We provide a turnkey experience for you – we can coach you through preparing for a sale (on either end), provide the services necessary to make the sale happen (including valuations, legal services and financial partners), facilitate the actual transaction and then guide you through the transition period as you adjust to a new reality. If you are teaming, we will coach you through how to bring two practices together to operate as one seamless unit.
Buying a practice is a big deal, especially if you’ve never done it before. Our team of experts has been involved in transactions like this for more than a decade, and we can coach you through the entire process.
We want you to get the best deal you can financially, but it’s even more important to find the best match in terms of culture, values, team, clients and more. We walk you through every step of the process so that a decade from now you will still be satisfied with the deal.
You have created a thriving business, but what happens when you’re ready to move on to the next phase of your life? Ensuring your practice will last beyond your lifetime requires planning to recruit and train the next generation of advisors and business owners. We will help you create a succession plan specific to your situation that will help ensure your legacy.
Our public listing of financial practices for sale will expose your practice to a wide variety of qualified buyers. We help you build a full prospectus of your practice, and we will handle all the logistics of the selling process, including inquiries, vetting, negotiating, closing the deal, building a client transition plan and more.
If you are more comfortable with a private sale, we will build a confidential prospectus of your practice and bring the opportunity to our network of qualified bidders and/or practices you choose to interview. We will handle all the logistics of the selling process, including inquiries, vetting, negotiating, closing the deal, building a client transition plan and more.
Take advantage of our alliances with qualified firms to help you with the legal and tax items related to the sale of a practice.
Business Calculation and Valuation
Knowing how much your business is worth goes a long way to achieving the sale you’re looking for. Our qualified business partners will give you exactly what you need to know about the value of your practice, from a high-level overview calculation to an in-depth appraisal.
Continuity Planning and Continuity Partner Matching
Many practices are dependent upon the skills and personality of a single advisor, which can leave the practice in a difficult place in the event of a sudden illness or tragedy. Determining the value of your practice and then building a plan to protect that value in case of the unexpected will give you and your team peace of mind. These plans can include finding the right advisor to take over the practice after such an event occurs.
Our legal partners will provide you with the guidance and documentation you need for your purchase, entities, succession plans, employee agreements and more. Each client will receive top-notch advice specific to their own situation. Legal documents include:
- Letter of Intent
- Purchase Agreements
- Buy/Sell Agreements
- Entity Formation
- Strategic Alliance Agreements
- Disability and Guardian Agreements
- Cross Purchase Agreements
- Equity Interest Rights Plan
- Employment/Compensation Agreements
- Memorandum of Understanding
- Independent Contractor Agreements