AP seeks new blood
DealergroupAssociated Planners(AP) has launched a succession planning service to advisers — the AP Partnership program — to assist it in attracting new blood to the group in the form of future principals.
“We’re committed to assisting advisers within the AP network and others … to grow and operate sustainable financial advice businesses and when they are ready, to realise a premium for what they have built,” AP director, practice development Tony Madden says.
He says part of the Partnership program sees AP take a stake in member firms, with the aim of developing a more co-operative structure.
“Beyond the succession planning strategy, we’re also looking at what is the way forward for these businesses,” Madden says.
“Many require capital to get to the next step, and by taking on an investor it helps them to raise capital.”
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