Bankhall has launched a new service for adviser firms who are looking to grow through acquisition, as well as providing help to firms seeking to leave the profession.
Bankhall expects and increase in consolidation as firms establish their strategies in light of the Retail Distribution Review (RDR), hence launching the IFA Exchange service.
Support for expanding adviser practices includes access to an experienced consultancy team who can help with the acquisition process, whilst guides are available covering the complex legal and regulatory issues involved. Advisers have the option of becoming a member of IFA Exchange’s ‘Established Buyer Group’, which will include priority access to firms that are considering exiting the industry.
There is also guidance on how to develop and prepare an exit strategy.
Stephen Young, chief operating officer at Sesame Bankhall Group, said: “We have in-depth experience of helping members through the sale and acquisition process and we know how daunting it can be. With 1
