What You'll Learn In Today's Episode:

• Understanding what makes a practice valuable is crucial.
• Current market trends show multiples ranging from 4 to 7x top line revenue.
• Having a structured process is essential for successful practice sales.
• Fit between buyer and seller is critical for a successful transaction.
• Due diligence should be a two-way street for both buyers and sellers.
• Emotional aspects play a significant role in selling a practice.
• Professional representation can save sellers from costly mistakes.
• Setting clear expectations helps in aligning goals between buyers and sellers.
• Many advisors take less money for a better fit with buyers.
• The importance of building relationships over mere transactions in M&A.

In this episode of the TPR podcast, Matthew Jarvis and Scott DiGiammarino discuss the intricacies of practice valuation and the M&A landscape for financial advisors. They explore current market trends, the importance of a structured process in practice sales, and the emotional aspects of selling a practice. The conversation emphasizes the significance of due diligence, the role of matchmaking in finding the right buyer, and the value of professional representation in negotiations. Listeners gain insights into setting expectations and understanding the true worth of their practices in today’s market.

Resources In Today's Episode: