The platform introduces IFA firms to potential buyers or merger partners.
IFAmarketplace.co.uk access to over 100 potential buyers nationwide and a range of legal, tax and accountancy services through approved partners.
All registered buyers and sellers will receive examples of heads of terms and sample due diligence checklists for both asset and share purchases as part of their £100 registration fee.
IFA Marketplace director David Brattesani says: “While it is no indication of the quality of their advice, external factors such as increasing costs in a difficult market are already starting to create pressure for smaller IFA firms.
“When you factor in the likely impact of retail distribution review, including further qualification requirements, and the rising average age of advisers, we believe many IFAs will, understandably, look to exit the industry over the next five years.
“At the same time, there is a clear demand from regional consolidators to grow and develop their client banks.”
Bright Financial Services is a Threesixty client that has been consolidating IFA firms over the last four years.
Director Ian Craddock says: “Threesixty has been very efficient in identifying IFA firms seeking an exit and ensuring that they deal with the right buyer.
“The new service is a natural extension for them. By offering the service to the wider market, IFA Marketplace will increase the number of deals on offer, and ensure prompt completion for any IFAs who are serious about buying or selling.”