Thinking of Buying a Practice?

Ritchlin, Lance
November 2008
Journal of Financial Planning;Nov/Dec2008 Practice Management Sol, p7
Academic Journal
The article discusses steps that financial planners should take when they decide to purchase a financial planning business. The author recommends that buyers research the company they are interesting in purchasing to determine if the company would work well with their existing business. The importance of ensuring continuity to clients of the company being purchased is discussed. Information is provided on the amount of money financial planners should pay up front when purchasing a company. A chart that lists 10 tips to purchasing a financial planning business is presented.


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