Portland, Ore. (April 15, 2003) - The economy may be shaky, but the market for financial advisory practices is stronger than ever, according to Business Transitions Publishing Inc.’s 2003 Practice Transitions Report.
While the stock market has taken a plunge, the median selling price of advisory practices climbed almost 12 percent over a two-year period, to $432,000 in 2002, up from $387,000 in 2000 and from $409,000 in 2001, Business Transitions reported. The ratio of buyers per seller is up 25 percent, average inquiries per seller are up 50 percent, and the average down payment is up 17 percent. The report is based on data from the FP Transitions listings of 2,166 buyers and 142 sellers in 2002.
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