M&A Practice Valuation
Selling Your 401k Business
If you are preparing to entice potential buyers with your retirement plan business, this unique service can help you better understand how your business compares to the market regarding sales, marketing, internal financials, plan sponsor and participant client service practices and internal team dynamics. The cutting-edge database used for the benchmarks includes practices representing 319 offices and $870 billion AUM in retirement plan business. Undervaluing your business could mean leaving money on the table, while overvaluing could scare away potential buyers. Our valuation is another tool that can help ensure you set a fair and yet maximized price rather than a simple "rule of thumb" multiple.
Acquiring a 401k Business
Using the 2024 D.C. Advisor Practice Management Benchmarking database, representing 319 offices and $ 870 billion AUM in retirement plan business, we will evaluate and benchmark your potential prospects on five critical categories:
1.) 401k Business Financials, 2.) Plan by Plan Fee & Service Benchmarking, 3.) Sales & Marketing Metrics, 4.) Client Management, 5.) Practice Operational efficiencies and Team
You will receive detailed benchmarking, including staff recovery rates and best practices for evaluating cost of serving retirement plan business, to help you make a more informed decision on whether or not to acquire a 401k practice.
Timing and Process
Step 1: The firm being evaluated spends approximately 4-6 hours gathering data and completing our proprietary benchmarking survey. Step 2: WinMore Plans uses the data provided to create a custom benchmarking scorecard, including readiness benchmarks and a valuation opinion.
Step 3: You are invited to a one-hour discussion to review the results with the research team.
Results: Your official custom scorecard and valuation opinion can be completed in 3-10 business days.
Note: This process does not involve analyzing financial statements, market conditions, assets, liabilities, cash flow, and other factors required to have an objective estimate of the companies fair market value.
Email with questions or to get started: Robin@winmoreplans.com