Have a seller I've been working with for a while. Very compatible and he wants to work into a buy-sell agreement and asked me for an offer. I know large firms will have prices by age groups. For example, clients 40 to 65 are one price range, those above get discounted a bit, etc. Anyone with insight?

Posting as :
works at
You are currently posting as works at

That makes sense, but the only general guidelines I have seen is revenue x, so if book generated $1mm last year then 2.5x $1mm. That's for fee based. Commission stuff is valued lower.
I have not bought or sold, so someone else may have actual experience and not just observational data.
Good luck!

Has this been sold?

We are actively looking to purchase books. I left morgan, and with Stifel Nicolaus, I just haven't changed my employer status.

Related Posts

Ibegin is not accessible …seems the site is in maintenance, any one facing issue right now ?

like

Hi fishes I am relocating to Bangalore to join Airbus what will be the good place to find an apartment that is close to office and yet affordable, I will be taking public transportation, any. Help will be greatly appreciated, I'll be very new to Bangalore

like

I had completed 1st year in cognizant here is the situation can anyone please clarify the doubt ..my probation rating is 2 and not good comments and my role is PAT until today my colleagues role changed PAT to PA but my role is not changed why?is it behind the reason about review?

like

How many hours did you bill today? 😆 🤣

Post Photo
likefunny

Hi Folks,

Looking for a role in AWS DevOps, I have upskilled myself in DevOps from Application Support role.
Whenever I am applying to any DevOps positions recruiters are asking for minimum 3+ years of experience. What to do to get things done
Total YOE: 5.9
Anyone here have working knowledge on AWS Cloud/ DevOps please guide me how to make transition from Support to AWS DevOps

like

Hi People! I need a referral in Eli Lilly.

Currently in ZS as DAA! Almost 2 YOE but total work ex 2.5 yr.

Recommendations for best ways to save for retirement after contributing to 401k up to match and maxing out Roth IRA?

like

Software Development/ Tech Consulting/ Product Management. Which pays the best in terms of money and WLB in the long run?

like

I survived 7/15! I prepped and filed 757 tax returns except mine. Time to celebrate with another Lemon Drop

Post Photo
likeupliftingfunnyhelpful

South End: 1 Room in 2bd/1ba; 1-yr lease; May Move-in (Later Negotiable); $1,300/mo; <5 min from BMC, BU Med/Dental--PM/DM/Chat if interested!

likehelpful

Is Bain done with exp hiring? Was thinking of applying for an AC role but recent posts seem to indicate Bain has wrapped up exp hiring

like

Hey everyone. I'm joining JPMC next week and was wondering do they provide a budget to purchase your own laptop/equipment. My manager said they don't provide laptops and that I can use my own. My laptop isn't the best so I would want to buy a new one.

like

Dubai people I live in Marquise Square tower and my neighbor is having a party literally every day till 4-5 in the morning- I spoke to him and he apologized and promised to keep it quiet but he didn’t. So I spoke to the security if they can tell them to calm down and the security said that he can’t do anything as it’s the weekend! Is that normal or should they give me a noise compliance and force him to stay quiet after some time.

like

In NIQ - Performance AIP(Variable pay) is for every year or just year where you got offer ?

If it's for every year, On which factor AIP amount will change every year and how much %

Anyone in Southwest Florida know of Healthcare worker relief funds that are legitimate? Fort Myers and the surrounding areas were devastated and many critical workers have lost everything. Hospitals are evacuating and staff are moving away from whatever is left of their homes…please advise

like

When does Accenture Capability pay Variable pay? If I join in May, when will I get the variable?

like

What does Shadow Hardlock mean?

like

What is the salary range for L7 in consulting?
Location: India

like

Can someone connect working at A&M CPI practice?

like

Additional Posts in Succession Planning: Buy/Sell Practice

Wells - curious. Where are you and are you buyer/seller? I'm guessing buyer and all the stats I read are completely in our favor, yet I feel like books of business should be going for sale every day and I struggle to find any good sellers?

Looking to buy a book of business or partial book in Ohio. Will consider all sizes, even small. Please contact me at 513-317-2265 to discuss. I'm licensed in OH, IN, KY, and NY.

Anything for sale anywhere in the continental US let me know.

funnylike

Looking for practices in Oklahoma and Arkansas to possibly purchase.

Anyone looking for a junior partner in Kansas City area?

like

Anyone looking to sell (Military Veteran-Heavy) book?
Ideal Individuals for me and extremely rewarding. #SemperFidelis

likehelpful
like

Looking for adding a junior advisor with 20-50mm AUM to become eventual partner if the right person and merge into a larger $130mm firm in Atlanta, GA or in Southeast.
Call 678994-6448 ask for James

like

18 year vet looking to acquire businesses in Denver area. Looking to exit? Let’s talk

like

I’m currently a wire house FA who received assets from a retiree. I likely have 4 years before I’d be able to move my book of business, but I definitely want to move to an Indy channel. When should I start these discussions with other firms/business owners and are there benefits to merging with an existing practice at that time?

like

What do you feel is a reasonable multiple to pay for recurring revenue (wrap)?

like

Looking to buy from retiring advisor in Indianapolis.

Looking to buy a practice in the St. Louis, MO area if an advisor is ready to consider retirement, could transition over 1-3 years as desired.

Does anyone know a basic rule of thumb to value and agency not just a book?

Looking to buy a book in Colorado if anyone knows of anyone

How do you determine the value of an agency. We do mostly protection products but also a few million in advisory. The BD side seams straight forward. It’s the insurance side that’s hard

Has anyone hired a consultant to find them a practice to purchase? I'm not asking about the big players like KMG or Succession link.... I'm asking if you've worked with an individual contracted consultant... If so, wondering how the experience went.

like

Looking to aquiring additional assets and clients. Anywhere in Ohio, Greenville SC, gulf areas of Florida or Jacksonville FL Preference. Dually registration with NFS/ Fidelity custodian. Redtail CRM. MoneyGuide Pro and Riskalyze planning software.

14 years experience with 9 years solo. Would prefer to aquire to transition.

like

Looking to acquire Practices in the greater Providence, RI area. Message me for a discussion. Deals are 95% cap gains and not ordinary income.

like

Established buyer backed by a solid firm seeking $1m+ in fee and commission generating revenue from sole practices and teams (based on T-12 production and AUM) to integrate into our system across the U.S. Upfront payouts followed by asset bonuses based on timely asset transfers. Serious inquiries from Principals only.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal