BUYING A PRACTICE - Summit Financial Networks
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BUYING A PRACTICE

OUR EXPERIENCE

We have many years of experience in consulting advisors on purchasing other advisors’ books of business and know there is a lot of information to consider. Here are just a few questions that should be considered:

  • What is a good and reasonable multiple to pay?
  • How much should you put down on the purchase?
  • Where and how do you obtain financing?
  • What should the structure of the deal look like?
  • What makes a “win-win” deal?
  • How long should the selling advisor stay involved with clients?
  • What retention rate should you expect?

ONCE-ON-ONE CONSULTATION

Our Business Consultants have backgrounds and training on advisors purchasing other advisors’ books or practices. They are individually there for you to assist you with the following:

  • Identify the ideal seller
  • Search for the seller
  • Explore and determine potential options for structuring the right deal
  • Acquire the financing necessary for a seamless acquisition

PARTNERSHIP WITH TRUELYTICS

Cetera and Summit have realized the importance of this value-add to our advisors and as a result have formed a partnership with Truelytics.

 

Truelytics’ Advisor Management Platform is the first end-to-end data driven platform to help wealth management enterprises recruit, grow, and retain businesses while reducing time and costs related to transitions.