I have interviewed and met many high end Accountants in various firms across Auckland and beyond. I have come across Accountants frustrated in their current positions due to lack of "career path forward", no equity offered in current firm or there has been an external appointment from outside of the firm and this has prevented a Partnership opportunity!
There is still a bit of movement in the market with vendors looking at options, there is also been a lot of speculation about a surge of practices for sale on the market as the baby boomers all retire at once.
As we all know this has not happened…YET!
It was a great evening recently speaking to CAANZ SIG group Pacific Island Chartered Accountants Network (PICAN) about the buy/sell/merge of Accounting Practices hosted by Crowe Horwath.
There seems to be a growing concern from many of our Accounting Clients about emails received from "rookie" agents trying to specialize in the Buy/Sell/Merge aspect of accounting practices. Let’s be clear and frank here, not only do you need to be a licensed agent, you also need to talk, walk and understand the CA market. An expert Broker will understand it is a different ball game all together.
We are fielding many enquiries about the Buying/Selling/Merging and succession planning in the Accounting market.
We have been invited to discuss the market from reputable accounting firms and have advised many Partners in terms of the Accounting market and changes.