InvestmentNews Article: Don’t Just Sell to the Highest Bidder
It may seem counter-intuitive, but with advisory firm valuations reaching new heights, when deciding whether to sell, you can get more than just a premium price, you can be creative and negotiate a deal that benefits you, your staff and your clients in ways you might not have thought of before.
The article reads:
Not a week goes by that I don’t see an article about how advisory firm valuations are at all-time highs.
This hot market has convinced a lot of advisers to consider selling. If this is you, don’t let price be the determining factor.
For a little background, my business partner and I sold a controlling interest in our company to a private equity firm two years ago. We’d been approached by several potential partners, acquirers and financiers before deciding on this firm.
-Scott Hanson, Co-Founder, Allworth Financial
Click here to read the full article on InvestmentNews.