The Roadmap to a Successful IFA Retirement: Step-by-step Guide

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Many independent financial advisors are considering selling their IFA acquisition businesses. This is because the costs of insurance, regulation, and compliance are increasing, along with the Financial Services Compensation Scheme and more administrative work.

People who own IFA businesses know the extra financial duties put on them. This is because the Financial Conduct Authority (FCA) has changed the Capital Adequacy Requirements over the last few years. Well, this means smaller IFA businesses have less money to spend on expanding their operations and keeping their technology up to date. This limits the time those companies can spend caring for their customers properly.

There are a lot of Financial Advisers who find retiring to be a considerable task and need help knowing where to begin. We've made a step-by-step plan called "Roadmap to Retirement," which we will help you follow. This will remove some of the worry and work that comes with retiring.

Step 1: Retirement meeting with Exit with Purpose

We will meet with you to talk about your retirement plans and what you want to do with the money from selling your business. We are neither of us bound by anything that happened during the meeting.

Step 2: Do what you need to do

Find out more about your clients and your business and decide if we're a good fit for each other.

Step 3: Come up with a plan for managing your retirement

We will send you the first copy of your retirement plan with Exit with Purpose. This way you can see what it will look like if you decide to work with us.

Step 4: Agree on the terms

The final draughts of the retirement plan and the contract will be given to you to sign after the terms about sell my IFA have been discussed.

Step 5: Thanks for coming to the Exit with Purpose webinar and seminar!

During a seminar for your clients, we discuss your retirement, your next steps with Exit with Purpose, and how we will care for your clients.

Step 6: The Transfer

Because of this, our team will help you assemble the transfer paperwork and ensure it gets sent to your clients so they can move to Exit with Purpose officially. Besides that, we will set up a file and data move into our systems for any client moving over.

Step 7: Putting everything together

Once the move is over, you can enjoy your retirement and take it easy. But you can still be an essential part of the Exit with Purpose Team and, if you want, your clients' lives, too.

Step 8: Dealing with the introducers

When you keep meeting with your clients, discussing their needs, and getting referrals, your relationship with them is essential.

Exit with Purpose cares about you and your customers

Exit with Purpose is committed to giving our customers excellent service and great value, and our prices are fair and reasonably competitive in the market.

Sometimes you are worried about how much is my IFA worth, who will take care of your clients after you leave and have been put off by many options. Simply, talk to a company that cares about you and your customers. We're unlike the well-known consolidators, so you can speak to us without worrying.

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