Bankhall offers help to exiting principals

A service offering expert guidance for principals on how to develop and prepare an exit strategy has been launched by Bankhall.

The service, called IFA Exchange, also offers support to businesses looking to grow through acquisition, including priority access to a list of selling firms.

Support services provider Bankhall, part of Sesame Bankhall Group, says IFA Exchange will help meet the expected increase in consolidation activity as practices evolve to meet the requirements of the RDR.

The service is open to all advisers. Principals looking to advertise their businesses through IFA Exchange will be charged a £99 six-monthly administration fee. Firms looking to buy will also be charged but this depends on the company.

Stephen Young, chief operating officer at Sesame Bankhall Group, says: "We have in-depth experience of helping members through the sale and acquisition process and we know how daunting it can be.

"With 1,500 member firms, Bankhall is ideally placed to facilitate this journey by bringing advisers together in an environment where expert help and practical guidance is on hand to support their future plans."

Advisers who would like further information about the new service should email ifaexchange@bankhall.co.uk