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 ...Our latest poll suggests advisers are reasonably confident the business valuation of their financial advice practice has risen over the past 12 months.
As we go to press, just under six in 10 advisers (58%) agreed their business valuation was likely to have risen, with 19% stating ‘no’ it had not. A sizable 23% weren’t sure.
We asked the question in light of news out of Australia that business valuations across the financial services sector there 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.
Our poll remains open for another week and we are keen to learn if it’s your belief (and that of your peers) that your own practice could be worth more than it may have been a year ago…