4×4 succession is a unique buy-out retirement contract available to all our advisers, existing and new. It is the final piece of a comprehensive adviser support proposition to ensure your journey with us and into retirement, is truly easy. Advisers who have been with us for at least 4 years can retire from us with up to 4 times their annual renewal income.*
This is one of the best buy-out propositions in the market place today and probably the best from a National IFA; one who promotes independent advice on a national basis.
Financial advisers who join Truly Independent will no longer have to find a buyer to achieve 2 or 3 times their renewal at retirement. Simply by joining us, you have also secured a buyer. When an IFA sells their business, the process of transferring their clients to the third party is an enormous task and stressful, especially when you would much rather be retired! Equally, some competitors promise to provide retirement plans that are enticing and appear to be genuine, but somehow never reach fruition; such false promises can devastate a retirement plan. In contrast to those ‘false promises’, we will provide you with our buyout contract upon joining ensuring:
It exists
It states the value and payment plan
It sets out what is expected from the adviser
Key Benefits of the 4X4 Succession Plan
Retirement with Confidence: With our 4X4 Succession Plan, you can retire comfortably, receiving up to four times your annual renewal income based on our ‘virtual ongoing charging strategy’. The equivalent is 2% of AUM. This ensures that your hard work of accumulating AUM pays off and provides you with the financial security you deserve.
Seamless Transition: Unlike selling your practice externally, our plan ensures a smooth transition where your clients are retained under the Truly Independent umbrella. Your clients will be well looked after, allowing you to leave your practice knowing they are in safe hands.
Client-Centric Approach: We believe that maintaining strong relationships is crucial. The 4X4 Succession Plan prioritises client continuity, ensuring your clients receive the same high level of service they’ve come to expect.
Expert Guidance: Our dedicated team is here to support you through every step of the process. From initial discussions to the final transition, you’ll receive expert advice tailored to your unique situation.
Discover how much you could sell for
As part of our commitment to supporting your business journey, we’re pleased to offer this easy-to-use Succession Valuation Tool. Designed to provide a preliminary estimate, this tool uses basic metrics to give you an idea of your business’s potential value.
To get started, simply enter your Assets Under Management (AUM) on Vero and AUM not on Vero figures. Please remember that this is a simplified calculation; the resulting figure is an estimate based on general industry factors. A range of elements—such as client demographics, business organisation, compliance status, and product composition—may influence the final valuation.
For a more accurate, customised assessment, we recommend booking a Discovery Session where we can discuss your business in greater detail.
We’d love to Speak to you
Complete the form below to find out more.**
At Truly Independent, we understand that as a financial adviser, your clients are your top priority. In our recent HappyScore test, we asked advisers, “Do you have a fully worked-out retirement plan, knowing who will buy your business and when?” Shockingly, 0 advisers answered yes. We also inquired, “Are you concerned about how much you will eventually sell your business for?” A staggering 84% answered yes.
These results highlight a significant gap in succession planning within the industry, revealing that many advisers feel uncertain about their futures. Without a clear path forward, the prospect of retirement can be daunting, leaving advisers anxious about the legacy they leave behind. Our unique 4X4 Succession Plan is designed to fill this void, ensuring that you can retire with confidence while knowing your clients will continue to receive exceptional service. With our plan, you’re not just securing your financial future; you’re also protecting the relationships you’ve built over the years. Transitioning your practice can be rewarding, and our plan guarantees that you’re well taken care of throughout the process, providing peace of mind as you move into the next chapter of your life.
Imagine signing our agreement at the outset, and after at least 4 years all you need to do is to confirm your intention to proceed to retirement and simply retire. It will be that easy!
Introducing Truly Private Clients
At Truly Independent, we understand that a seamless transition is crucial for your clients’ continued financial success. That’s why we’ve established Truly Private Clients—a dedicated team of employed advisers committed to upholding the same independent values you have instilled in your practice.
When you retire, your clients will be in excellent hands with a Truly Private Clients adviser who shares your ethos and commitment to exceptional service. Our advisers receive robust support from our Client Care Team, ensuring that your clients continue to receive tailored advice and the highest level of service. This collaboration guarantees that their financial wellbeing remains our top priority.
With Truly Private Clients, your clients will experience a smooth transition, knowing they are well looked after and that their financial journey will continue without interruption. We are dedicated to maintaining the legacy you’ve built over the years, ensuring your clients feel secure and valued throughout the process.