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Saturday, February 3, 2024

ValidPath launches recommendation agency sale answer

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Adviser community ValidPath has launched a succession answer to facilitate the sale and buy of IFA corporations.

The ValidPath Succession Resolution manages the sale/buy course of together with offering finance.

Any single of multi-adviser corporations can use the answer, with ValidPath managing the method from feasibility to due diligence, valuation dedication, industrial phrases, transaction construction and completion documentation.

The answer may assist develop a transition plan with the successor managers.

ValidPath will present all finance with no fairness contribution or private assure required.

The community stated that its answer will allow promoting advisers to entry liquidity and retire on theire termes whereas ‘empowering’ the following technology to turn out to be enterprise house owners.

It stated the answer was developed as an alternative choice to IFA consolidations or ‘DIY’ choices.

Angus MacNee, CEO of ValidPath, stated: “It turned obvious {that a} new method to exit and succession was required to help the goals and aspirations of IFAs that resonate with the core values of independence and unbiased monetary recommendation. 

“As an business we have to help the following technology, and while you take a look at the alternate options within the market, they’re nearly fully vendor-focused and don’t empower the ‘successor managers’ to create worth for themselves or supply piecemeal help that’s transactionally targeted and sometimes self-serving. 

“Now we have packaged a whole ‘turnkey’ answer that’s fully unbiased, absolutely funded and the place we handle your complete course of.

“Independence is all the pieces, and we imagine that unbiased monetary recommendation is as essential right this moment, as it will likely be tomorrow.”

ValidPath stated the present business backdrop of ‘personal fairness fueled acquisition frenzy’ with an absence of viable different choices made it clear that there wanted to be an alternate.

Ray Adams, Chartered Monetary Planner and founding father of CashCalc, stated the ValidPath answer may very well be a gamechanger for advisers seeking to retire and assist advisers preserve independence.

He stated: “A turnkey answer that helps unbiased monetary advisers to take care of independence and implement a succession plan will probably be a gamechanger for the sector and a constructive improvement for the business.”

ValidPath is an FCA-regulated IFA community with 20 years working with IFAs throughout the UK.


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