Whether you need a formal valuation to sell your financial planning business depends on several factors, including the complexity of your business, the size of your practice, the buyer’s needs, and your confidence in understanding the value of what you’ve built. Here’s a breakdown of why you might or might not need one: Why You […]
The June 2024 Price Guide is similar to June 2023, but the multiple for the Investment and super clients (age 80 years+) have increased by 10% to 0.9 times to 1.1 times the annual recurring revenue (previously 0.8x to 1.0x). Radar Results transactions for the last 12 months show evidence that financial advisers with clients […]
Radar Results Price Guide to June 2024 Revenue Type and Client’s Age Investment and super clients (aged 80 yrs+) 0.9x to 1.1x Previously 0.80x to 1.0x Investment and super clients (aged 65 -79 yrs) 1.9x – 2.5x Investment and super clients (aged up to 64 yrs) 2.3x to 3.0x Previously 2.2x to 2.8x Risk insurance […]
Radar Results Price Guide to June 2023 Revenue Type and Client’s Age Investment and super clients (aged 80 yrs+) 0.8x to 1.0x Investment and super clients (aged 65 -79 yrs) 1.9x – 2.5x Previously 1.7x to 2.3x Investment and super clients (aged up to 64 yrs) 2.3x to 3.0x Previously 2.2x to 2.8x Risk clients […]
The demand has exceeded supply, with many buyers asking Radar Results about risk insurance client registers and businesses. Australia’s largest buyer agent for financial services, Radar Results, is looking for any financial planner or life insurance agent looking to sell; and looking at doing so right now. The price multiple on risk insurance clients is […]
Buying financial planning businesses or accounting practices in regional areas is becoming a significant issue with many of our buyers. We have about 200 active buyers in Australia, many wanting sellers in the capital cities. They used to look at regional areas for acquisitions, but since the pandemic, it’s almost impossible to employ staff to […]
BASED ON REVENUE TYPE AND AGE Revenue Type and Age Recurring Revenue Multiple Investment and super clients (aged 80 yrs+) 0.8x to 1.0x Investment and super clients (aged 65 -79 yrs) 1.7x to 2.3x Investment and super clients (aged up to 64 yrs) 2.2x to 2.8x Risk clients (under 55 yrs) 2.2x to 2.7x Risk […]
The main impact to the value of financial planning practices is from the Royal Commission Report released in Feb 2019 and the additional red tape that followed the recommendations. The banning of grandfathered trail commissions from Jan 2021 has had an immediate impact with as much as 25% of the recurring revenue from some practices […]
