A Financial Planning group has started a new service offering help to advisers considering selling their businesses.

AFH Financial Group has launched an information website for those advisers thinking of selling up.

Alan Hudson, founder and chief executive of AFH Financial Group, said it was estimated that a quarter of advisers in the UK are looking to exit the sector in the coming years and it can be a confusing time for the owners of these businesses, from the valuation models that are available to the due diligence needed on the purchaser.

The new website provides documents with details on:

· The process of selling
· Valuation models
· Taxation explained
· Contracts
· Integration of clients
· Advice liability and closing down
· Performing due diligence

Mr Hudson said: “For the past ten years I’ve met with advisers who are thinking of selling their businesses. The general consensus for these discussions is confusion. Those advisers looking to sell are very often confused and misinformed about what selling their business entails.

“It’s understandable as there is so much to consider, tax implications, business integration and the many different ways a deal can be structured all represent potential pitfalls for the unwary.

“Given our experience, we wanted to share our archive of information with advisers, with no obligation and at absolutely no charge. We’re happy to pass on what we have learned and hope that advisers find it useful as they navigate challenging times.”