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Amas sees surge in IFAs buying and selling

IFA merger, sales and acquisition specialist Amas is reporting a surge in interest from IFAs wanting to buy or sell businesses.

Last week, the number of hits on the company&#39s website quadrupled from the previous week and the company attracted five new sellers and three new buyers in one morning alone.

Amas says its site usually gets between 12 to 25 hits a week but last week it was up to 45. One IFA looking to use the firm&#39s service is Robert Ward and Company which has 16 RIs but aims to have 50 RIs throughout the South-west in the next year.

Amas director of training strategies Phil Calvert says: “We have noticed that more often people are saying they want to sell because they have just had enough. Despite all the changes coming up in the industry, nothing is set in stone and the uncertainty is piling up. On the other hand, there is plenty of opportunity for buyers right across the board, whether they are nationals, accountants, legal firms or sole traders.”

Robert Ward and Company principal Robert Ward says: “The industry has gone down the route of networks but large companies miss that this is a people business. Computers do not talk to people and we need to recognise that. People want independent advice and when they find an IFA they like, they stick with them.”

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