threesixty services is inviting IFAs to showcase themselves and their businesses to clients on its website.
threesixty is mailing a number of network members and directly authorised IFA practices to encourage them to submit their details to make them accessible to clients who have registered for the service, who can then browse for potential business opportunities.
The service provider is building up a database of its own clients who are interested in mergers, employing experienced advisers or paraplanners, or simply purchasing the client banks of other firms.
It will then match the requirements of its members with the details submitted by firms and individuals looking to receive offers, free of charge.
threesixty is also running free workshops to advise IFAs on how to prepare their firms for sale – covering corporate strategy, how to develop a formal business plan and looking at how to modify the way they operate as a business to maximise future value.
Partner Phil Young says: threesixty clients operate predominantly at the higher end of the IFA market. Several are looking to expand their businesses by buying other IFA firms and recruiting experienced IFAs and paraplanners. But it is a time-consuming and detailed process. Using external agencies can also be costly. This is yet another free service that threesixty offers to support its clients businesses, giving extra value to our overall service.