Rimbal is pleased to support the launch of the ValidPath Succession Solution for Independent Financial Advisers (IFAs) via its NMP system.
ValidPath, the network for independent financial advisers, has launched its “Succession Solution” for Independent Financial Advisers. Developed by Rimbal as an alternative to IFA consolidators or “do-it-yourself” options, the ValidPath Succession Solution is a complete solution for selling IFAs to access liquidity and retire on their terms while empowering the next generation of ‘successor manager’ IFAs to become business owners, all while preserving independence and supporting clients’ best interests.
The ValidPath Succession Solution facilitates the sale and purchase of IFA firms to enable the selling IFAs to access liquidity and retire on their terms while empowering the next generation of ‘successor managers’ to become business owners. The solution supports both single and multi-adviser firms, as well as Appointed Representative or Directly Authorised firms, with ValidPath managing the entire process from feasibility to due diligence, valuation determination to commercial terms, transaction structure to completion documentation, and the transition plan with ‘successor managers’. All finance is provided, no equity contribution or personal guarantee is required, and all ongoing deal administration is managed.
Rimbal is providing all of the systems that are supporting the feasibility, due diligence, data management and transaction process for the succession programme.
Angus MacNee, CEO of Rimbal commented: “It is apparent that a new approach to exit and succession is required to support the objectives and aspirations of IFAs that resonate with the core values of independence and independent financial advice. As an industry we need to support the next generation, and when you look at the alternatives in the marketplace, they are almost entirely vendor-focused and don’t empower the ‘successor managers’ to create value for themselves or offer piecemeal support that is transactionally focused and often self-serving. ValidPath have packaged a complete ‘turnkey’ solution that is entirely independent, fully funded and where the entire process is managed by Rimbal systems that enable the process to scale and make a positive impact for the industry.”
