Knowing the Right Time to Buy
The proper timing for an acquisition of any kind is determined by need, funds availability, willingness, and price. All of these have to be in alignment for a deal to be successful. To confirm whether the time is right for you, ask the following questions:
- Do you need to buy a financial advisor practice right now?
- Are the funds available to make an acquisition?
- Is there a target firm willing to make a deal with you?
- Are you getting the price that you want?
Buying with the Intent to Sell
There’s a viable business model in purchasing advisory firms, growing their AUM/client base, and then selling them within a certain timeframe. This takes experience and the help of someone who’s done it before. If you are interested in this model, our experienced consultants at Bridgemark Strategies can help.