💸 Debt and company valuations are always at the top of adviser business-owners' minds A number of St James's Place advisers are concerned about the valuations of their practice, particularly in the context of the level of debt many of the advisers took on to expand their firms. In an email seen by FT Adviser, one adviser directly contacted the company’s chief executive Mark Fitzpatrick with their concerns. The adviser wrote: “To what degree do SJP believe that the partner valuations provided reflect achievable figures? Can you please outline, practically, what support is available? "Are SJP raising funds to support the market? Are SJP willing to act as a buyer of last resort? Is there a consistency across practice sizes in how support is provided?” To read more, and to see what SJP said in response, click here: https://lnkd.in/egmp-Hwq
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