News

6
Aug

Profits become crucial as advisers start selling up earlier

Advice firms are being touted to sell earlier and are increasingly being valued based on profit multiples as opposed to the historic income multiples, according to data by Gunner & Co.

It revealed a major trend of 2020 was the increasing number of investors entering the advice market through a ‘buy and build’ approach – in which the selling firm is still growing and the buyer expects it to continue doing so, often with its principal remaining in place.

Read the full article at FTAdviser.

For a deeper insight into UK M&A activity in the financial advice market, take a look at our dedicated news page here