Radar Results - helping you find that planning business
We help planners expand their practices by acquisition
Radar Results (Radar) are consultants to the financial planning industry effectively engaged by Buyers who wish to undertake a confidential acquisition project. Radar is given a Buyer's mandate to discreetly acquire one or more FP practices on their behalf. Our clients completely outsource their acquisition requirement to us.
Radar's process - we use a four stage acquisition model:
1. Matching
Monthly marketing to over 8,000 planners who subscribe to our Newsletter, develop a Seller's list, provide valuations, clarify needs of Buyer and Seller and match Buyers and Sellers.
2. Feasibility
Assess the acquisition for a cultural fit; analyse the systems of the Seller, chair meetings and exchange information
3. Negotiation
It's where Radar's role is critical. Many Buyers and Sellers will turn to us for an assessment of what's a fair price, fair payment terms, fair restraints of trade and transition period. We assist with due diligence, office visits, finance, transition plan, collect authority to sell from Dealership, Letters of Offer and Heads of Agreement.
4. Settlement
Monitor progress of legals, client management, attend settlements, advise on pre and post purchase issues.
Radar has a once only flat professional fee to establish as a Client. In addition a purchase value based % settlement fee is paid. Radar wants Sellers to receive a commercially acceptable value for their business. Unlike Brokers, we do not try and force up the sale price or use inflated multiples of recurring revenue or EBIT. Last year we prepared 180 valuations for Australian financial planning firms and of these we know a third will sell; the remainder selling in the future. Information on Sellers is kept extremely confidential and only provided to a Buyer who's matched by us. We do not advertise, display, circulate or in any way publish the details of a Seller.
Simply complete an online Buyers Questionnaire, it takes 5 minutes and registers you as a Buyer with Radar. We'll then forward you an Acquisition Proposal. If your business needs an appraisal just go online and fill in the Valuation Questionnaire. Any queries please talk to John Birt or Michele Conroy on 02 4384 5670 or email . We have offices in Sydney, Newcastle, Central Coast and Melbourne.