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Boosting the value of a brokerage is critical for any broker – particularly those contemplating selling their business or building a succession plan. The Adviser explores what proactive steps brokers can take to build value in their business, and the risks of not doing so.
It’s well known that small-business owners put their blood, sweat and tears into their business. But sometimes, this can mean that the principal of the company is the be-all and end-all of the business they are running. While this can help build brand and provide a family feel to a company, it can actually be a huge risk when it comes to determining how valuable a broking business is.
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