Buying a BusinessDo you want to increase your profitability through the acquisition of clients? Financial advisory professionals who are serious about their business are always seeking ways to increase profitability. By definition this involves increasing your revenue without a corresponding increase in overheads. Given the high unit cost of sourcing new clients individually, one of the most effective ways to achieve this happy outcome is through the acquisition of client portfolios – and the revenue they may bring. Mike Moore Marketing - the only specialist business brokerage service for financial advisers in New Zealand - is focused on presenting those opportunities to you. There are two ways in which we can assist with your growth strategy:
In either case, we will discuss your requirements with a view to understanding the types of clients that would best suit your practice, in terms of location, product opportunities, your budget and any other characteristics you believe might lead to a successful integration of a client portfolio into your operation. Once you have bought a new client portfolio, we can provide you with guidance on how to communicate with those clients to ensure that they are retained, how to protect yourself from the vendor in terms of restraint of trade and how to get the maximum value from those clients so that they become loyal to you quickly. All of these strategies have been tried and tested in the marketplace. We may also be able to assist with providing funding options for portfolio purchases, if you are interested in learning more about this facility, please contact us. |
