Advice consolidator AFH has launched a website providing information to those firms looking to sell their business.
According to research by Harrison Spence, more than a quarter of IFA business owners plan to sell within the next five years.
Alan Hudson, founder and chief executive of AFH, said it can be confusing for advisers to sell their business and he hoped the website would provide all the information they would need.
It includes documents on the process of selling, valuation models, tax and performing due diligence.
“Advisers looking to sell are very often confused and misinformed about what selling their business entails,” stated Mr Hudson. “It is understandable, as there is so much to consider: tax implications, business integration and the many different ways a deal can be structured.
“Given our experience, we wanted to share our archive of information with advisers, with no obligation and at absolutely no charge. We’re happy to pass on what we have learned and hope that advisers find it useful as they navigate challenging times.”
At the end of last year, the Aim-listed firm raised £6.37m through a placing of new shares on the London Stock Exchange to help it fund new acquisitions. But since then the company has not made any purchases.
Speaking to FTAdviser earlier this month, Mr Hudson said he was waiting for the right opportunities.
