Mark Rantall, CEO of the FPA, questions the reliability on relying on specific valuation multiples alone in determining the value of a financial planning practice. Shane Kirsch, National Manager, NAB Financial Planner Banking, observes that 3 times plus valuation multiples are less common now while they were more the norm 12 to 18 months ago. Alan Kenyon, Founder, Kenyon Partners, says buyers are looking more into different components of potential business acquisitions, including revenue streams, client base and products on offer. This clip has been taken from No More Practice – an online reality TV series about creating and sustaining value in financial planning practices. To view the series, access more content and join in the community discussion visit www.evotv.com.au/nomorepractice
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