Looking to buy client bank (lists) from broker?

F

Financeguru

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Working as a broker in life business...does anyone know how / where I can aquire client banks ( example if a broker was selling) etc.

Thanks
 
Re: Looking to buy client bank?

You want to buy a bank from a broker?

Are you looking to buy client lists from already established brokers?
 
Re: Looking to buy client bank?

ButtermilkJa said:
You want to buy a bank from a broker?

Are you looking to buy client lists from already established brokers?
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Sorry to confuse - yes, im looking to buy client lists from Brokers that might be selling up ( ie retiring, or ill health etc)
 
Re: Looking to buy client bank?

Financeguru said:
Sorry to confuse - yes, im looking to buy client lists from Brokers that might be selling up ( ie retiring, or ill health etc)
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Why not just buy the brokerage, name, good will etc?
 
Wouldn't the Data Protection Act make this sort of thing difficult (unless the necessary waivers were signed)?
 
CCOVICH said:
Wouldn't the Data Protection Act make this sort of thing difficult (unless the necessary waivers were signed)?
Click to expand...

What way do Brokers trade? Are they limited companies (I thought they were)?
 
CCOVICH said:
But this only matters if you buy the business, as opposed to buying a list?
Click to expand...

Yes, that's what I'm asking; wouls buying the business not be a better option as it offers an established name as well as a client list without any data protection issues. Sorry if I was not clear.
 
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