On Thursday, Australian business succession and exit planning advisory firm, Succession Plus, confirmed the news and said the Capitaliz platform will help advisers in North America “unlock untapped value for small and mid-sized businesses”.

Capitaliz enables automated business automation, benchmarking and value-enhancing guidance for advisors to ensure successful exits for their clients.

“When I first started working with succession planning clients in 2009, there were no tools available, nothing that focused on succession and exit planning,” said Succession Plus CEO and Founder Craig West.

“I developed a 21-step process and have since used this model to help over 700 clients maximize the value of their businesses and achieve successful exits.

"Capitaliz was custom built to fill this gap in the market and enable advisors to deliver consistent results at scale."

The Capitaliz platform is currently used by advisers in Australia, New Zealand and the UK, but Capitaliz CEO Daniel Nugent said expanding into North America was a big boon for the business.

“Expert succession planning advice is critical for any business owner looking to maximize the value of their asset when they are ready to sell or pass it on. However, providing this advice can be complex and time-consuming for advisers, often taking days to produce a report for a single client. We built Capitaliz to make it easier for advisors to provide tailored succession planning advice with speed and precision,” said Ms Nugent.

"Through automation and benchmarking, Capitaliz can save advisors hundreds of hours in analysis and reporting, allowing professional advice to be produced at scale for greater profit potential."

Neil Griffiths

Neil is deputy editor of wealth titles including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.