Raymond Pirrie on Selling an Advice Firm, Preparing for Change and Life After an Acquisition

In this episode of Foster Denovo Talks, Helena is joined by Raymond Pirrie, founder of Rosemount Asset Management and now part of Foster Denovo, who shares an honest and practical account of what it really takes to prepare a business for sale. Raymond talks through his journey from founding Rosemount in 2010, to spending several years preparing the firm for acquisition, to becoming part of Foster Denovo. He shares the lessons he learned along the way, the mistakes others should avoid and why culture, values and people matter just as much as numbers. This episode is essential listening for advisers and firm owners who are thinking about selling their business, whether that decision is months or years away. 🎧 In this episode: • Founding Rosemount Asset Management • Why Raymond started thinking about selling years in advance • Preparing a firm properly for sale • The realities of due diligence for small firms • Choosing the right buyer and avoiding red flags • Independent versus restricted advice • What life looks like after an acquisition • Advice for firm owners considering their next step