May '24 • General 💡
Anyone surprised at this?
Half of IFA Firms Looking to Sell in Next Two Years - According to Gunner & Co., 50% of IFA firm owners plan to sell or arrange succession within the next two years, up from 42% last year. Retirement is the main reason (56%), but regulatory changes are also driving sales (8%).
Louise Jeffreys, Managing Director of Gunner & Co., noted increased regulatory scrutiny, like the Consumer Duty, affecting the market. Despite this, sector consolidation continues.
Business sales are the preferred exit route for 75% of owners. Large regional businesses are the top buyers (66%), followed by small local businesses (52%). Independence remains crucial, with 76.42% wanting to stay independent, up from 70.3% last year. Client proposition and deal price are key factors in deal assessments.
Jeffreys expects more acquirers to return to the market in 2024 amid a steadier macroeconomic environment.
0
2 comments
Anyone surprised at this?
skool.com/adviser-growth-community
For IFAs, financial advisers & financial planners exploring new ideas, new models, new income streams and how AI fits into their advice business
Powered by