InvestmentNews Article: Look into the prospects for selling your firm, even if you aren’t ready for have never thought about it
Values are high and the entire advisory industry is consolidating. Firms that think they might want to someday sell (or merge) should explore their options right now.
The article reads:
Even if you’ve never thought about selling your financial planning firm or practice before, now’s the time to familiarize yourself with the landscape.
Just look at what’s going on in our industry: Goldman Sachs is buying United Capital. Ric Edelman, the Mutual Fund Store and Financial Engines have all been purchased and rolled into one megafirm. Focus Financial is now a publicly traded company. And almost every day, I read about another small registered investment adviser joining a larger one.
Our industry is consolidating, and fast.Scott Hanson, Co-Founder, Allworth Financial
Click here to read the full article on InvestmentNews.