Do you believe the business valuation of your financial advice practice has risen over the past 12 months?
- Yes (63%)
- No (19%)
- Not sure (19%)
Loading ...Could the value of your advice practice have increased in the past year as a new report indicates values have in Australia?
We ask the question in light of news out of Australia that business valuations across the financial services sector have climbed sharply over the past 12 months, according to Radar Results price guide (see: Latest Practice Price Guide Shows Gains).
The Australian business broking firm says that looking ahead, market demand continues to outstrip supply (at least across the Tasman) and that with a shortage of quality financial planning, accounting, and mortgage broking business for sale, it’s a sellers’ market.
The firm’s report shows price multiples for financial planning practices have increased by 10% to 30%, citing a notable shift in the market value of registers with older client bases.
So we are wondering what your feeling is about the market in New Zealand.
Is there good demand for advice practices in New Zealand? And, if so, is it your sense (and that of your peers) that your own practice could be worth more than it may have been a year ago?
We are keen to know what you think and will report back next week…