The Benefits of a Business Broker

I've been in financial services for 40 years, but I much prefer M&A than traditional banking. The real secret to getting a successful transaction is to educate the seller more than the buyer. 97% of businesses in the UK turn over less than £500,000. It's like a paulk decanter, very thin at the top and very wide at the base. Some M&A advisory firms do get regulated, they go through the process, but there's no requirement currently to do so. So am I correct in saying that the lower middle market business brokers are unregulated industry? That would be an accurate statement.