The Value of Your Financial Advisory Practice
A new web based software tool for financial advisors can provide you with a free valuation on your advisory practice.
Financial advisory practice acquisition has been a “hot” topic this past year and the acquisition trend looks to be the way of the future. But how do you determine the value of your practice?
I have been introduced to a very useful web based software tool which will help you do exactly that!
The tool was developed by a financial advisor and his team of software engineers. 3xequity valuation tool allows an advisor to input information about their practice including
The 3xequity tool then calculates for the advisor a dollar amount valuation and three potential “deal” structures. (Similar services will cost an advisor between $1000-$1500 and may take up to two to three weeks before delivering a dollar amount valuation!)
In addition, and in some cases, for no charge, 3xequity offers a detailed benchmark report outlining the specific categories the valuation was based on.
This 24 page report offers ways the advisor can increase the value of his practice with only a few minor changes. This is a great tool for an advisor wanting to value his own practice or an advisor looking to purchase another advisor’s practice.
Call me, and I will walk you through the process: 480-361-9415