How to Buy and Sell a Financial Advisory Practice

Today we want to get into something that's been a big part of our practice and should be an excellent opportunity for advisors in the future, especially if you're in your 30s or 40s. What we're talking about in this episode is buying a practice, which we believe is the quickest way to have instant revenue. But it's not without problems, which we will also discuss. So we're going to share with you how the process works and breakdown our approach to buying another practice. There are plenty of financial considerations to sort through and weigh, and this episode will give you an idea of what we're paying the most attention to. We want to provide you some insights because we've been involved in a number of these as the acquirer but we'll eventually be on the other side as the seller.   Here's some of what we discuss in this episode: Why buying another practice can create a great opportunity and could do so without a lot of risk. How you should structure the deal. What should you pay attention to when you're acquiring a book of business.   Schedule a meeting with Dan: http://bookachatwithdan.com    Read more and get additional financial resources here: http://renegadeadvisor.net