But the increasing cost of regulation, plus competition from larger firms who are able to achieve economies of scale, is causing many business owners who do not wish to ‘give up the day job’ to consider their options.

IFA consolidation is now being seen as an option not just for those with an eye on the exit but also as a way forward for young and up and coming advisers with an eye on their margins. But how can advisers make sure they find the right buyer for their business?

This guide explores the pros and cons of IFA consolidation, how to explain the transition in ownership to your clients and getting the most cash for your hard work.

Contributors of content to this guide were: Simon Chamberlain, chief executive of Succession Group; Richard Freeman, chief executive of Intrinsic; and Dominic Rose, acquisitions director of Bellpenny.