Broker dealer for sale
Buying an existing Broker Dealer is a very appealing way of being in business with no down time. This should have the lines of business that you use most. You can add additional lines of business during the process. This is a detailed application which has too many nuances to go into detail here.
This response will have numerous questions regarding the structure, financing and supervision etc, of the proposed ownership. Answer all of the districts questions with as much detail as possible 7 Wait for next response then repeat 5, 6 and 7 until approved or denied. You will typically need the following: Licensed Series 24, with at least one year of direct supervisory experience, or 2 years indirect relating to all the lines of business that the Firm will engage in.
Licensed Series 27 this is the person that will file the Firms FOCUS reports either quarterly or monthly depending on the Firms net capital requirement. The above is designed to give the layman a general overview of the process. Feel free to contact me to discuss your specific situation. They were a valuable resource and provided great advice about the sale process. I am most appreciative for their calm demeanor in the midst of tough negotiations.
The BD Listing did an outstanding job in locating the perfect situation for my purchase. They listened to our objectives and were able to quickly arrange a meeting with a perfect candidate and opportunity. The company assisted me throughout the process and consistently offered solid insight and a great follow up experience.
I could not be happier with my experience and BD Listing. Thank you BDL for a perfect fit. Throughout our transaction The BD Listing was diligent, honest and kept me informed. The staff at BD Listing worked to get the best deal done and did more than I expected. When our BD ran into a series of issues, I made quite a few calls to several different agencies and listing services to weigh our options. I heard a few great pitches and encountered several people that swore up and down that they could easily help us with our situation.
After a few days and a few conversations, The BD Listing was the only one that continued to follow up with us. I ended up with the impression that the other companies were merely looking for low hanging fruit and were very unable to provide real, measurable added value.
Some of the other guys talk a great game, but when it comes down to actually doing the work, making the right introductions, and most importantly, getting you the results you are looking for, The BD Listing is truly the best in class. The BD Listing did a great job of follow up and keeping us updated. Their staff was extremely professional, asked great questions, and really listened to the answers.
We ended up receiving better advice and direction from the Broker Dealer Listing then we did from all of our paid consultants and lawyers. Dealing with The BD Listing was a fantastic and painless experience. What I really liked about their service is how they were available when we needed them, but left us alone when we were conducting due diligence and negotiating.