The service has been developed to assist financial advisers with problems facing their businesses in the challenging advice market.
Financial Engineering will provide advice and assistance with:
- Succession planning
- Business re-structuring, e.g. partnership to limited company
- Business valuation
- The management buy-out process
- Marketing the business for sale
- Matching buyers with sellers
- Negotiation of terms and conditions
- The buy/sell/merge process
- Equity participation schemes
- Provision of funding
- Financial and compliance due diligence
The service has been developed in conjunction with IFA Mentor, a business consultancy providing specialist support services to intermediaries and Hart Shaw, one of the leading provincial independent firms of Chartered Accountants.
Commenting on the launch of Financial Engineering, David Shelton, Head of Intermediary Strategic Planning, Clerical Medical, said: “Effective management of financial issues is critically important for the long term development and success of financial adviser businesses. By launching Financial Engineering, Clerical Medical is sourcing solutions to many of the key business issues faced by financial advisers today.
“By gaining access to specialists who understand their business and the rapidly changing market place, financial advisers will benefit from bespoke advice and the added reassurance that their interests are being protected in key negotiations and business changes. The service will help overcome the “knowledge gap” currently facing financial advisers.”