One of the most common exit strategies, selling to another SMP is an obvious route and one that may be more appealing than selling to a consolidator. There are advocates and detractors when it comes to the question of whether or not you should use a broker or adviser to faciliate the sale, or whether you can do it yourself. Either way, NDAs and confidentiality agreements are vital - you can read more about these in our section on Planning your exit.

Kevin Steel sold his practice to another SMP and tells us why that was the best option for his practice exit. Read more.