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The deadline for RDR is looming. This will inevitably mean significant changes in the way you do business with costly upgrades to internal systems and increased drain on executive time - it’s no wonder that you may be thinking about an exit strategy. Sterling McCall can help you maximise the goodwill and assets within your company and ensure that they will continue to be in safe hands.
Whether your looking to leave the industry, simply retire or merge your business we can offer a range of different options to help in the most appropriate way to facilitate your exit strategy.
IFA Immediate Sale
If you're looking to the leave the industry as a matter or urgency we can move very quickly, paying a single fee immediately for your business or client bank.
IFA Phased Sale
This is the most common method of selling your IFA practice. It involves a staged payment of the transaction over a handover period (usually between 6 months and 2 years). The size of the final stage of the payment is conditional upon you hitting Key Performance Indicators during the handover period. We would look to retain key clients or key business writers and maintaining levels of funds under management or profit margins.
IFA Merger
We can also offer the option to merge your business with ours. You and your business partners or co-directors benefit from exchanging their shares for shares in the new entity whilst you are able to get your equity out. Merging with us gives you more confidence in the future for your clients and your business will remain with its own identity intact.
IFA Client Bank Merger
This option may be ideal if you're a sole trader IFA looking to progress your career within an environment better suited to the economic climate and RDR, TCF etc. We can advise you on the best options including how to “ring fence” your clients or how to structure the sale of your clients to us as your new employer or business partner.
These are the most popular methods for selling or restructuring your IFA business but it may be the case that none of the above are quite right for your own specific requirements. We can be innovative and flexible when it comes to the best options for you. Please contact us to discuss your requirements further.
