Paradigm Consulting has expanded its ‘agency’ offering for advisers looking to acquire other firms or sell up.
Paradigm will now help firms over a number of years build a “compliant and profitable” business with the intention to prepare them for sale, having previously offered a simple ‘match-making’ service between firms looking to either buy or sell.
The firm will then work with other firms to help find suitable buyers for the business.
Bob Hunt, CEO of Paradigm, said: “For any business, any size, at any point, the time to think about a potential exit strategy is now. That exit might be years away but unless firms plan for what they want to achieve, the likelihood is they will end up disappointed by the exit they are able to secure.
“By expanding our ‘agency’ proposition away from just a match-making service between firms interesting in selling and those interested in buying, we believe we can help generate significant value in these businesses, in order that they can achieve everything they want from a sale in the future.”
Paradigm uses technology to help firms simplify and expand their advice offering and will cover record-keeping, client interaction and marketing to help make the business more attractive to any prospective buyer.
Firms will receive support to ensure the suitability of advice, regulatory updates, preferential PI terms, third party technology, access to the CPD academy and rebates on placed business through Paradigm.
Paradigm also offers bespoke compliance and consultancy support packages for advisory firms which are tailored to meet the firm’s specific requirements.
Hunt added: “We’re also still able to bring interested parties together and by doing this, can facilitate exit strategies for a significant number of firms.
“We would urge any business owner looking to clarify their strategy, and to maximise the value in their business, to contact us so we can begin helping them on the path they need to take.”
amy.austin@ft.com
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