Building value in your business
Consolidation in the IFA market has been progressing at pace over the past few years, and with it an increasing demand for well-run, low-risk advice firms. Whilst acquirers grapple with increased interest rates and challenging returns, they are especially interested in DB transfers and understanding how firms are dealing with consumer duty. They also want to ensure that staff are well-incentivised and will come along on any succession planning journey. It's important to ensure your business is well prepared for this journey. Are you in the right position to pass it down to staff? Or to maximise sale price? How will any organic growth continue post-acquisition? And how can you ensure the client journey is not disrupted? Preparation is more important now than it has ever been; it takes time to ensure your business will make a success of succession planning.
Learning Objectives By the end of the session, delegates will be able to:
- Understand the drivers and market dynamics of advice consolidation
- Learn the key metrics acquirers use to identify target firms and return on investment
- Assess whether these practices are good for the market and if your business is prepared
The future isn’t what it used to be: how to invest in a rapidly changing world
A world of high-and-rising interest rates, double-digit inflation, elevated geopolitical tensions, and major structural changes makes for a very different investment climate to the past 15 years. In this session we will look to connect some of those geo-economic themes to tangible implications for portfolio positioning.
Dan Fairweather, Benchmark
Dan has 22 years’ experience across the IFA, platform and investment sectors, working closely with business owners and other key stakeholders at high quality advice firms. He focusses on delivering measurable value by helping advisers to increase efficiencies, accelerate growth and plan their succession strategy. Having spent his career working with a wide variety of advice firms, he has significant insight into the industry and a keen eye for future developments. Dan holds the Diploma in Financial Planning and Investment Management Certificate.
James Ashley, Goldman Sachs Asset Management
James is a managing director in the Global Client Business within Goldman Sachs Asset Management. He leads the International Strategic Advisory Solutions team, which provides clients across EMEA and Asia Pacific with expertise on market trends, portfolio construction and innovative business practices. James joined Goldman Sachs in 2015 as an executive director and was named managing director in 2021. Prior to joining the firm, James worked at Royal Bank of Canada as chief European economist. He has more than 22 years of cumulative experience, working across buyside, sell-side and policy-making institutions. James earned a BA in Economics from Durham University in 1999 and an MSc from University College London in 2002.
Venue: Grand Hotel, York
Date: 18th April 2023
Time: 12:30pm - 2:30pm