Episode 5: The Home Stretch
It’s time for financial adviser, Zoe Shacklady to make a bold move to get the negotiations with Genesys Wealth moving again so she can sell her practice. Meanwhile, Matthew Farrell starts to face up to what the landscape will be like as he loses a big stream of regular revenue by selling his parcel of commission-only clients.
In this episode, our judges provide our players with some final words of wisdom. Brett and Ian learn how to effectively scale their systems to maximise their technology investment and realise the potential value of their practice, while Chris learns how a long-term business strategy can assist potential acquirers in gaining clarity around practice value. Watch on as our judges deliver their verdict: would they buy our players’ practices? Play
In this episode, our players reveal whether they have been successful in closing their deals and our judges turn the heat up on their business plans. Brett and Ian are grilled about the commercial viability of their business model and learn the importance of having a clear client value proposition. Chris explains how a board of advice has benefited his business and learns the importance of having a long-term strategy. Our players benefit from the judges’ last minute advice before facing them in the final episode of No More Practice 3: Judgement Day. Play
Ambitious players Brett and Ian have made some bold decisions on the future of their business and its time to put their key learning’s to the test. Watch how they present their revised business plans to mentors, Barry Lambert and Robbie Bennetts – laying bare their plans for funding and top line revenue growth. How will their ambitious approach be received? Find out as they stress test their strategy under the watchful gaze of their mentors. Play
‘The Mentors’ and industry veterans, Barry Lambert and Robbie Bennetts are back to guide ‘The Sellers’ through the challenges facing financial services today. The series opener focuses on getting absolute clarity around the numbers. Key takeaways include the importance of getting the practice valuation right, the benefit of help from the outside, understanding your clients and opportune times to sell. So take your boardroom seat. Play
From opt-in to the best interest test, through to the fee-for-service and conflicts of interest, Mathias Cormann, Shadow Minister for Financial Services and Superannuation, would make a significant number of changes to the Future of Financial Advice legislation if a Coalition Government comes to power in the next federal election. Play
In No More Practice 3: Judgement Day, follow the final steps of our players in their quest to grow their practice value. Will Brett and Ian raise their $1 million to expand their business? Will Chris successfully sell his parcel of clients to fund further growth? Watch on as they share their key learnings from the No More Practice Journey, while our mentors and industry experts provide them with some final advice before the judges deliver their final verdict: would they buy our players' practices? Play
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Wednesday, 20 February 2013
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