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
revenue generated re-occurring revenue assets under management expenses number of clients and their average age net increase or decrease in assets over the past 12 months
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 www.3xequity.com