How to Value, Buy, or Sell a Financial Advisory Practice : A Manual on Mergers, Acquisitions, and Transition Planning

Financial planning is a young industry. The International Association of Financial Planning—one of the predecessors to the Financial Planning Association—was formed less than forty years ago. But as the profession's first tier of advisers reaches maturity, the decisions that may be part of transition planning for their firms loom large. A sale? A partner buyout? A merger? No matter what the choice, its viability hinges on one critical issue—the value of the firm. Unfortunately, many advisers—whether veteran or novice—simply don't know the worth of their practice or how to influence it. That's why How to Value, Buy, or Sell a Financial-Advisory Practice is such an important book. It takes advisers carefully through the logic and the legwork of coming to a true assessment of one of their most important personal assets—their business. Renowned for their years of experience helping advisers tackle the daunting challenges related to the valuation, sale, and purchase of advisory firms, Mark C. Tibergien and Owen Dahl offer guidance that's essential and solutions that work. Many financial professionals don't know the worth of their practices or how to influence it. How to Value, Buy, or Sell a Financial-Advisory Practice takes advisers carefully through the logic and the legwork of coming to a true assessment of one of their most important personal assets -- their business. Renowned for their years of experience helping advisers tackle the daunting challenges related to the valuation, sale, and purchase of advisory firms, Mark C. Tibergien and Owen Dahl offer guidance that's essential and solutions that work. "A manual for financial advisers offering complete guidelines and techniques on the key issues related to valuing practices for sale, mergers, acquisitions, partnership, and transition planning. Special emphasis is given to ways to maximize and build value in a practice and to vital information related to valuation approaches, the marketplace, negotiations, due diligence, intermediaries, and buy-sell agreements"--Provided by publisher