Foster Denovo|News & opinion|News|Foster Denovo boss: ‘we kiss a lot of frogs’ on acquisition hunt

Foster Denovo boss: ‘we kiss a lot of frogs’ on acquisition hunt

Speaking to New Model Adviser, Foster Denovo chief executive Roger Brosch says speedy acquisitions performed on mass scale are not the best way of integrating new acquirees into a business model.

New Model Adviser’s article talks about Foster Denovo’s acquisition hunt; you know how it is with consolidators; you are only as good as your last acquisition. Well, that may be a tad unfair. But finding the next purchase is a full-time job when you take into account due diligence, cultural matchmaking and, of course, looking after all those new clients.

One easy solution is to not call yourself a consolidator, and Roger Brosch (pictured) frequently likes to refer to his business as a facilitator instead – as in ‘facilitating an exit’.

What does that mean? Fewer deals, for one. And not being spread too thinly: Foster Denovo has just five offices. Brosch is taking a cautious approach to growth. But sometimes the biggest risk is doing nothing, and the business is waking up to the challenge of recruiting and training the next generation of advisers as it facilitates the retirement of many others.

Read the full article on New Model Adviser here.

prev
next
Find me an adviser
Start your search
Register

Keep up to date with our latest news

Newsletter sign up

 
 
 
Read our privacy policy, by clicking here.
 
captcha
 
From time to time, we would like to contact you about news, events and other ways we think we can help you. You can unsubscribe from this at any time using the link within your email or by writing to us. Details can be found within our privacy policy. Please be assured that we will not pass your details on to any third parties.
 
 
You can contact me by:
Find me an adviser
accordian map downloadplusminus play-video select-box close downloadmapmapmap mapmapmapselect-boxmap mapvideo arrowarrow arrow