 While there arguably is some value to "buying a job" the reality is that the price of such a business may be far less than the seller had anticipated... which means, in reality the greatest challenge to buying your way into a firm may simply be finding a price that both the buyer and seller can live with in the first place."Michael Kitces, Nerd's Eye View |
Is Buying A Financial Planning Practice A Good Way To Start As A Financial Planner?
Michael Kitces | Nerd's Eye View, October 2013
Read the article online >Summary: As the financial planning profession matures, there is a growing interest in the opportunities to buy and sell financial planning practices, both for investors, for existing firms looking to grow, and for new planners looking to enter the business. However, industry statistics suggest that relatively few deals are happening (and are generally only for larger firms).
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