|
Buying an Agency?
Make Sure You Have the Right
Professionals Value Its Worth.
If you think you want to buy an insurance agency, talk to us first. We will help you buy the right agency at the right price.
Too many banks
end up paying too much for agencies whose synergistic yet distinct
business models require a unique valuation process. Many well-meaning banks
have relied on brokers who work on behalf of the agency, not the bank, and present the bank with an agency-friendly price.
Michael
White Associates (MWA) does agency valuations to help banks avoid buying the wrong agency for the wrong price. MWA can help your bank first identify its financial objectives and appropriate insurance markets. Then, if purchasing an agency provides the right solution,
MWA protects your bank's interests by
examining the agency's value on its own merit and
on its value to your bank.
MWA does not make commissions
brokering agency deals.
MWA evaluates a particular agency's "fit" with your bank's standards, objectives, strategies and culture.
MWA consultants interview agency principals, inspect agency systems and procedures, and analyze the agency's mix of business.
When a fit between your bank and an agency is confirmed, MWA conducts a formal valuation of the
agency.
Clients who rely on MWA for agency valuations get
a clear picture of a prospective agency acquisition
and a reasonable fair market value or range of prices
for negotiation of purchase.
Among the information they receive are the following:
-
Analysis of the target agency's confidential financial information, including past and projected income statements and balance
sheets.
-
An outline of the agency's operations, strengths and
weaknesses.
-
A reasonable fair market price or range of prices for negotiation of its
purchase
-
A measure of the projected price against bank-targeted profit flow, and rates of return on equity and
investment.
-
An identification of issues needed to be addressed in integrating the agency within the
bank
-
If you
request continued support from MWA, you can rely upon us to be with
you through negotiations and integration and implementation of your successful bank insurance
program.
TO REQUEST MORE INFORMATION
EMAIL
|
