Succession planning platform offers US giants “an opportunity to scale”


    FindBob founder and CEO Roland Chan told WP the deal marks the largest deal for his financial services company. And he said the company’s journey from humble beginnings to partnering with “one of the most important financial institutions in the world” is a significant achievement.

    He said, “We couldn’t be happier – and the relationship [with Raymond James] could not be better. We’re working with a succession and acquisition team, and these people are just as passionate, if not more passionate, about achieving growth and transition goals for the distribution network. You needed a way to scale, and that’s what we offer. “

    The Practice Exchange platform focuses on three key areas to help advisors. First, access to a marketplace powered by matchmaking algorithms; second, educational resources and planning tools; and third, an online dealroom that enables advisors to control the succession process, guarantee confidentiality and select potential buyers.

    Features also include assessment tools and disaster planning agreements that help advisors protect their business, employees, and loved ones. Chan said the meeting room is a particularly exciting aspect of the platform as it provides a “strong space” for consultants looking to find potential candidates within the Raymond James network.

    “This reflects how I believe M&A deals are actually done – privately and confidentially,” he added. “But unlike a public deal listing service, consultants who sell or want to find a successor retain complete control and confidentiality over who, how, and when they approach their buy-side goals. We also offer them a really safe space to review agreements, carry out due diligence and meet future partners. “


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