The son of a friend is an advisor and is giving up. He has approached me about taking over his book, evidently only about $1.5M.What would be a fair amount to pay for this?

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Is he in the same firm? If not I would offer to pay him 50% of the production that comes over. Hell even if he is, I would make the same deal. His other option is to get nothing when he walks away.

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in our office its sold 2-4 times trailer. may also be 2% of assets.Although the greedy capitalist me says lowball it, if he is a son of a friend, pay him what is fair + maybe a little extra. Just my opinion!

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It ain't show-friends, it's show-business! Show me the money!

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there's no such thing as friends in business.

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Don't do it. A book not built by yourself will leave you feeling hollow inside

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Base it on how that 1.5 mil is invested... fee based? Give him 1.5 times gdc... commission based, give him 1 times revenue if there is a way to make something on it. If not pay less. Be fair but no reason to pay for something that has so little value

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