Whether you’re a new or seasoned advisor, at some point, you’ll at least consider buying or selling a book of business.
It’s a big decision — transferring a practice is often the largest business deal a financial advisor will oversee. And it’s often also your largest personal financial transaction.
Feeling anxious? Not to worry. Doug Carroll, vice-president of Tax and Estate Planning at Invesco, has written a comprehensive series for Advisor’s Edge Report that details everything you need to know about buying and selling a client book. Here is the full series:
Part 6: Can advisors incorporate?