There has never been a better time to acquire a wealth management practice. With an estimated 1/3 of advisors set to retire this decade, there is an astronomical opportunity for advisors to acquire high quality practices. Organic growth can be challenging which makes buying a practice and 'leap frogging' ahead in assets under management so attractive. Succession Point has over 300,000 advisors in our collective databases giving us the ability to surgically target your acquisition preferences quickly and help you traverse the succession acquisition path successfully.
If you plan to retire in the next 5-10 years, you should seriously begin considering the necessary components in crafting your unique succession plan. Determining your succession parameters such as: your retirement timeline, obtaining a fair practice valuation, identifying a partner/acquirer with a complementary business model and investment style and composing a mutually beneficial deal structure, will take time. Partnering with Succession Point unburdens you from performing the time-intensive due diligence required in achieving your optimal succession plan.