Lowndes Alexander Daniel Independent Financial Advisors Ltd.

A premium provider of independent financial advice. Offering impartial help to corporate and private clients.

selling a practice.....

Thinking of Retiring?

Congratulations you got there!!
Contrary to popular opinion the most important issue to IFA’s planning their retirement is not the strength of the financial deal and how many times as a multiple of renewals their client base can demand, (although admittedly this does help).
It is more about the following:

The receiving culture and integrity of advice.
Timeframes and the handover process.
Future levels of involvement
Ongoing compliance and business liability run-off.
A realistic return for all the past work managing relationships and steering a business client base through some very changing times.

In short it is about me and my clients. A sort of reverse 'due diligence' if you like.
In this way, the fair and competitive financial deal naturally follows.

There are a number of 'exit strategies' open to an IFA. It is possible to:

Retain ownership of clients
Licence your clients to the new advising regulated firm
Have an active involvement in transfer
This requires and independent jointly agreed legally binding agreement.

It is also possible to relinquish ownership of clients and:

Have an income guaranteed for a number of years
Have an income guaranteed to be paid in the event of death for a number of years
Introducer payment for any increments for future new business generated by original clients

The above solution requires support with the following:

Professional Indemnity (run off cover)
Novation processes
Data licence agreement
Data transfer and storage.

Whichever route is chosen (and there are many) the key is that the process and relationship as well as the deal agreed are right for both the ceding IFA and his or her clients.

Please contact us in the first instance for a totally confidential discussion.

To find out more about this subject, contact us for further information

Lowndes Alexander Daniel Independent Financial Advisers Ltd.

Suite 116, Lovell House,
Birchwood Park, Birchwood, Warrington,
Cheshire. WA3 6FW

Tel:01925 819156
Mob:07789 376506

LAD is authorised and regulated by the Financial Services Authority.