There are many reasons why you would want to sell your financial practice:

1. Retirement
2. Frustrated with increased regulations.
3. No longer able to make adequate revenue due to increased costs and decreased trading, and asset revenue due to the 2008 meltdown.  
4. Increased competition from other financial advisory firms.
5. The desire to find a successor to continue to provide good service to your clients.

Things to consider when finding a successful buyer of your practice:

1. The valuation of your financial practice.
2. How to structure the deal once the price is agreed upon?
3. The location of the buyer.
4. The buyer's financial condition, and the firm who is backing him?
5. How will the practice be transitioned to the buyer?
6. What is the reputation and FINRA track record of the buyer?
7. How will the risk be minimized for the seller or buyer?
8. How do you draw up the contract between the buyer and the seller.

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As you can see, many questions need to be answered when selling a financial practice.  It helps to have a consultant to help you along this "path".  Research needs to be done and due dilligence completed.  If you are nearing retirement or leaving then business and are considering selling your practice, we would like to hear from you.  We can help you to evaluate the cost of your practice as well as introduce you to qualifed buyers.  We have a vast network of broker dealers and finacial advisors who are well capitalized and eager to buy financial practices.  Please call us today for a confidential discussion at 978-312-1656.

Expert Support and Due Dilligence.

Reasons Why You Would sell your financial practice

Sell a Financial Practice