PRACTICE TRENDS: Establishing the Value of Your Business

Ritchlin, Lance
September 2009
Journal of Financial Planning;Sep2009, Vol. 22 Issue 9, Special section p14
Academic Journal
The article presents the study by Advisor Impact on financial planners retirement in the U.S. It notes that the study found out that 33% of the subjects believe that the value of their business is 1 million dollar or more while 65% believe that their business will be worth 1 million dollar or more at retirement. It mentions that the results signify that planners are bullish that their business value will develop while taking no active efforts to ensure such growth. It adds that most financial planners are dependent on incorrect formulas or anecdotal information to institute business values. Moreover, approximately 46% are unsuccessful to incorporate their exit strategy into day-to-day operations.


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