The 3 common problems advisers create when they sell their practice

Selling a practice looks easy. It can start quite unexpectedly and seem relatively simple. There are more buyers than sellers right? How hard can it be? Once you commence you set the framework for the perception of value. You commit yourself to the process and the results are determined by how well you are prepared and how you manage the …

Expensive mistakes to avoid when selling your practice

It is important for practice owners selling their business to avoid the following mistakes, which could cost them thousands of dollars in the final sale value. Firstly, let me say it’s easy to make mistakes, especially when you attempt something you have never done before. First-time home renovation, building Ikea furniture, fixing the car and basically learning anything new. I’m …

sell-your-financial-planning-practice

Now is the time to sell your business, says broker

By Scott Hodder Risk Adviser Risk practice owners looking to sell their business should do so now before the market is flooded by advisers looking to get out of the industry amid the introduction of the higher education standards, a business broker has said. Speaking to Risk Adviser, Centurion Market Markers chief executive Chris Wrightson said there is a “high …

Unleash, Develop, Disrupt – Fintech gaining ground

Earlier this month I attended the Sydney Demo Day as part of the Citi Mobile Challenge for Asia Pacific. The program is a virtual accelerator that includes both curriculum work and a mentorship program and is aimed at developers to inspire them to reimagine mobile banking. The program also provides participants exposure to a broad Fintech and start-up community. In …

Financial Advice of the Future

I attended Afiniation this week, a finance technology showcase event with 31 presenters. Of these presenters, at least half presented new technology platforms and tools for the wealth management and financial advice industry. It got me thinking about what financial advice will look like 10 years from now and how our clients will be receiving it. When you look at …