A seller's market: Practice values rise

Demand for financial advice practices is surging following a squeeze in property supply that had led to market shortages, increasing valuations between 6-11%. In particular, buyers are snapping up life insurance practices as soon as they hit the market following a drop in risk advisers and a lack of newly established firms. 

As the advice sector starts to recover following years of uncertainty, Radar Results chief executive John Birt joins Financial Standard to discuss reasons behind the shifts and the outlook for practice valuations.