Last year, Truly Independent demonstrated the success of our 4×4 Succession Plan by acquiring 10 self-employed advisers’ businesses, with an average valuation of £320,000. These success stories highlight how our structured approach to succession planning delivers real results for advisers ready to retire. By working closely with advisers to maximise the value of their businesses, we’ve built a reputation as a trusted partner for those seeking a seamless and rewarding exit.
Optimising Your Business for Mutual Success
At Truly Independent, our 4×4 Succession Plan is designed with mutual success in mind. Over a four-year period, we work closely with you to maximise the value of your business—ensuring it is well-positioned for a successful transition and that you receive a fair valuation. By collaborating with our Business Development Analyst, we help you refine key areas of your business.
While this process ultimately benefits your retirement goals, it also ensures that we acquire high-quality, efficient businesses that align with our values and standards. By helping you optimise your business, we create a win-win outcome: a smooth and financially rewarding exit for you, and a sustainable, thriving practice for us to continue supporting your clients. With our structured and transparent approach, you can be confident your hard work will deliver its full potential when it’s time to sell.
Unlocking Value with Vero
A key element in enhancing your business’s worth is our revolutionary Vero investment platform. Vero streamlines the investment process while delivering innovation, choice, and control for both advisers and clients. By transitioning your clients to Vero, they benefit from an all-in-one platform where they can securely view and manage their investments, update financial details, and share documents with ease. Not only does this platform improve the client experience, but it also increases the appeal and value of your business to us, making it a more attractive proposition during succession planning.
Why Choose Truly Independent for Your Succession?
Selling your business is one of the most significant decisions of your career, and the buyer you choose can have a lasting impact on both your clients and your legacy. While there are multiple options available for selling a financial advice business, not all are created equal. Advisers who sell elsewhere often encounter unexpected setbacks that can affect their retirement plans, the value of their business, and the well-being of their clients.
One common challenge is undervaluation. Many external buyers use aggressive negotiation tactics or broad industry averages to undervalue your business, failing to account for its unique strengths. This can leave advisers walking away with far less than their hard work deserves.
Another issue is the lack of continuity for clients. Selling on the open market or to buyers unfamiliar with your business can result in a poor client experience. Advisers risk their clients being transferred to firms with mismatched values, subpar service, or high client attrition rates. This can tarnish your legacy and cause dissatisfaction for the clients you’ve worked so hard to support.
Additionally, many buyers lack a structured handover process. This can lead to operational disruptions, confusion for clients, and unnecessary stress during what should be a smooth transition. Without proper planning and support, your retirement may be delayed or burdened with ongoing responsibilities.
At Truly Independent, we eliminate these risks. Our 4×4 Succession Plan ensures your business is valued fairly, with a focus on maximising its potential before the sale. We work closely with you over four years to enhance your business’s worth, helping you secure the financial reward you deserve.
We also prioritise continuity for your clients, ensuring they transition seamlessly to a like-minded adviser who upholds the same high standards of service. With our structured approach, you’ll have peace of mind knowing your clients are in safe hands and your legacy is protected.
By choosing Truly Independent, you avoid the pitfalls of selling elsewhere and gain a partner committed to your success.
Instantly Discover Your Business’s Value
To help advisers take the first step in planning their succession, we’ve launched our Succession Calculator. This simple online tool allows you to get an instant estimation of your business’s value, providing a clear starting point for your retirement planning. It’s a quick and insightful way to see the potential rewards of your hard work and dedication.
Book Your Discovery Session Today
If you’re considering your exit strategy, let us show you how our 4×4 Succession Plan can work for you. Schedule a discovery session with us today to learn how we can help you enhance the value of your business and transition into retirement smoothly and successfully. With the right plan in place, you can achieve the exit you deserve—and Truly Independent is here to make it happen.
