TRANSITION TALK

FP Transitions is pleased to announce the sales of financial services businesses in the following areas during the month of July:

• Seattle, WA  |  $780,000
• Central Coast New Jersey  |  $630,000
• Fresno Area California  |  undisclosed
• Kansas City Area Missouri  |  $1,300,000
• Southern Illinois  |  undisclosed
• Portsmouth, RI  |  $2,450,000
• Orange County California  |  $260,000
• Philadelphia Area Pennsylvania  |  $460,000
• Central Colorado  |  $880,000
• Upstate New York  |  undisclosed
• Philadelphia Area Pennsylvania  |  $1,770,000

VIEW CURRENT LISTINGS HERE 

VIEW COMPLETE LIST OF PRACTICES SOLD 

LIST YOUR PRACTICE WITH FP TRANSITIONS

Sold announcements include all closed third-party transactions facilitated by FP Transitions, including private listings, pre-arranged matches, and those listed on the open market. 

FP Transitions is pleased to announce the sales of financial services businesses in the following areas during the month of June:

• Northern New Jersey | $395,000

• Colorado | undisclosed 

• Chicago, IL | $185,000

• Georgia | $380,000 (partial book sale)

• Boise, ID | $550,000

VIEW CURRENT LISTINGS HERE 

VIEW COMPLETE LIST OF PRACTICES SOLD 

LIST YOUR PRACTICE WITH FP TRANSITIONS

Sold announcements include all closed third-party transactions facilitated by FP Transitions, including private listings, pre-arranged matches, and those listed on the open market. 

Whether you are buying or selling, it is important to understand what is being bought and sold and what expectations both the buyer and seller have of each other. Absent these details, it is difficult, if not impossible, to determine if an offer is fair. After all, “fair” is a relative term. The question of fairness would be easy to answer if all deals were done the same way, but the reality is they are not. Nonetheless, there are still common attributes to most deals that can shed light and aid in understanding the underlying terms. This in turn helps both buyer and seller assess the reasonability of an offer. 

WHAT IS BEING BOUGHT AND SOLD?

The sale of many, if not most, financial service businesses are completed as asset sales as opposed to stock sales, where all ownership rights are transferred to a third party. In an asset-based sale, both buyer and seller receive more favorable tax treatment when compared to a stock sale. Since financial services businesses are primarily relationship-based, providing mostly intangible services, what is being sold in an asset sale is rights to a future benefit stream—namely, revenues. However, given the intangible nature of the assets, there is no certainty that a buyer will receive the same amount of revenue from the clients as the seller did. This is why the ability to leverage the seller’s goodwill (the primary asset being bought and sold) to establish proper deal terms that create a shared risk, shared reward scenario become important. 

FP Transitions is pleased to announce the recent sales of financial services businesses in the following areas:

FP Transitions is pleased to announce the recent sales of financial services businesses in the following areas:

FP Transitions is pleased to announce the 2019 sales of financial services businesses in the following areas:

• Richard Metro Area, VA • $520,000
• Central Illinois • $390,000
• New Haven Area, CT • $2,000,000
• Colorado • $200,000
• Eastern Pennsylvania • $610,000
• Minneapolis Metro Area • $700,000
• Northeastern Wisconsin • $190,000
• Atlanta Metro Area • $330,000
• Eastern New Jersey • $1,500,000
• Eastern New York State • $300,000
• New York, NY • Undisclosed
• San Francisco Bay Area • $1,100,000
• Pacific Northwest • $950,000

VIEW CURRENT LISTINGS HERE 

VIEW COMPLETE LIST OF PRACTICES SOLD 

LIST YOUR PRACTICE WITH FP TRANSITIONS

• Central California • $1,500,000
• Southeastern Connecticut • $800,000
• Chicago, IL • $317,000
• Northwestern US • $1,000,000
• Eastern New York State • $410,000
• Northwestern Wisconsin • $340,000
• Northern Alabama • $3,000,000
• Columbia Metro Area of South Carolina • $1,360,000

VIEW CURRENT LISTINGS HERE 

VIEW COMPLETE LIST OF PRACTICES SOLD 

LIST YOUR PRACTICE WITH FP TRANSITIONS

FP Transitions is pleased to announce the recent sales of financial services practices in the following locations:

• Santa Cruz, CA • $221,000
• Southern New Jersey • $668,000
• Maryland • $652,000
• Southern Oregon • $261,000
• San Francisco Bay Area • $583,850
• Northern California • $1,800,000

VIEW CURRENT LISTINGS HERE 

VIEW COMPLETE LIST OF PRACTICES SOLD 

LIST YOUR PRACTICE WITH FP TRANSITIONS

FP Transitions is pleased to announce the sale of financial services practices in the following locations during the months of July and August:

• Central Coast of California • $3,200,000
• Cedar Rapids, IA • $807,500
• Kansas City Area Kansas • $1,198,812
• Little Rock, AR • $1,450,000
• Los Angeles, CA • $1,600,000
• Research Triangle of North Carolina • $1,221,696
• Southern Coast of Florida • $880,000
• Southeastern Coast of Florida • $794,037
• Boca Raton, FL • $988,046

VIEW CURRENT LISTINGS HERE 

VIEW COMPLETE LIST OF PRACTICES SOLD 

LIST YOUR PRACTICE WITH FP TRANSITIONS