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How to Value, Buy, or Sell a Financial Advisory Practice: A Manual on Mergers, Acquisitions, and Transition Planning

How to Value, Buy, or Sell a Financial Advisory Practice: A Manual on Mergers, Acquisitions, and Transition Planning

Mark C. Tibergien, Owen Dahl

ISBN: 978-1-576-60174-7

Jul 2006

331 pages

In Stock

$110.00

Description

Financial planning is a young industry. The International Association of Financial Planning—one of the predecessors to the Financial Planning Association—was formed less than forty years ago. But as the profession's first tier of advisers reaches maturity, the decisions that may be part of transition planning for their firms loom large. A sale? A partner buyout? A merger? No matter what the choice, its viability hinges on one critical issue—the value of the firm.

Unfortunately, many advisers--whether veteran or novice—simply don't know the worth of their practice or how to influence it. That's why How to Value, Buy, or Sell a Financial-Advisory Practice is such an important book. It takes advisers carefully through the logic and the legwork of coming to a true assessment of one of their most important personal assets—their business.

Renowned for their years of experience helping advisers tackle the daunting challenges related to the valuation, sale, and purchase of advisory firms, Mark C. Tibergien and Owen Dahl offer guidance that's essential and solutions that work.
Acknowledgments.
Introduction.

Part 1. Defining Value.
1 Uncovering True Worth.
2 Evaluating Fiscal Health.
3 The Income Approach to Valuation.
4 Other Approaches to Valuation.

Part 2. Assessing Value.
5 Case Study: the Multiple-Partner Firm.
6 Case Study: the Solo Practitioner.

Part 3. Coming to Terms.
7 The Art of Negotiation.
8 The Seller’s Perspective.
9 The Buyer’s Perspective.
10 Getting All the Way to Yes.

Part 4. Ounces of Prevention.
11 Essentials of Due Diligence.
12 Antidote to the Postmerger Meltdown.
13 Making It Legal: A Sequence of Steps.

Part 5. Inside Stories.
14 Partnering: A Complex Choreography.
15 Buy-Sell Agreements: The Path to Happier Endings.

Part 6. The Marketplace.
16 Intermediaries: Making the Match.
17 Finding the Ideal Buyer.
18 Building Value: The Firm That Sells Itself.

Appendix of Sample Documents.
Index. 

"Anyone looking to value, buy or sell a practice will find it an invaluable resource."
- Financial Planning

"A thoroughly comprehensive book. Whether you’re in the market to sell your firm or acquire someone else’s, you will find it valuable in assessing both the present and future value of your operations."
- Research magazine

"Whether you are buying a practice, selling a practice, or just looking to maximize the value of your existing practice, this book will give you the tools you require to do so. I highly recommend it."
- MorningstarAdvisor.com