Succession planning is a major issue for non-bank advisers. Paul Barrett explains that there are a number of key considerations for both buyers and sellers in the practice sales and acquisition process.
The level of readiness for FoFA among advisers varies. Opt-in will have a potentially significant impact on advice firms, and fee-for-service will be a matter of survival and not just profitability.
There are a few important trends taking place in the practice acquisition space. Institutions are looking to boost their distribution channels, while more planners are looking to sell their practices. These trends are forcing just about every player to actually come up with a succession planning solution.
There are a number of interesting trends happening within the independent space. Regulation is playing an increasingly important role in both IFAs and independent dealer groups, and professionals within both these spaces need to move with the times.
No More Practice Education Pty Ltd
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