Buy a Broker-Dealer

Buy a Broker Dealer Firm | Compliance Exchange Group

Buy a Broker Dealer Firm

Need to buy a Broker Dealer firm, but don’t know where to start? When purchasing a Broker Dealer the CMA process can be difficult – but don’t worry; we have you covered. From start to finish, our seasoned CMA – 1017 principals will walk you through the entire process of acquiring a Broker Dealer, from the planning phase, all the way through to the membership interview. Our team at CXG will take the stress out of buying a Broker Dealer!

Purchase a Broker Dealer Vs. Starting One

The primary advantage in purchasing an existing Broker Dealer, instead of starting a new Broker Dealer is that with proper deal structuring and diligence, the amount of time required is greatly reduced. You could be up and running very quickly, conducting business with little delay. While adding additional business lines will take some time, with the right planning, you can be up and running within the same month.

Buying a Broker Dealer with CXG

The advantage of working with CXG for your broker dealer comes down to expertise and service. We’ve been through the process many times, and work closely with FINRA on an ongoing basis, so we know how to set your firm up for a successful approval, the first time. Your initial consultation includes an overall assessment, presentation of options, and an examination of what each alternative means to your business. Whether costs, capabilities, or schedule is your most important concern, we have options available that best meet your needs.

Our Services Include:

  • Initial consultation
  • Locate the right Broker Dealer for purchase
  • Prepare and submit Form BD
  • Documentation of new ownership structure
  • Prepare the CMA
  • Provide you with outsourced principals (if required)
  • Business plan
  • Fill out and submit Form U4
  • Written Supervisory Procedures
  • Clearing firm selection, and document review
  • Fidelity bond application
  • Internal processes, procedures, and documents (such as new account docs)
  • Anti-Money Laundering Compliance Program
  • Customer Identification Program
  • Business Continuity Plan
  • Follow up and liaison with FINRA, to streamline the process
  • FINRA membership interview preparation

Contact us today to learn more about buying a Broker Dealer and how CXG can make the process smoother, faster, and successful.

Broker Dealer Buyer | What Type are You?

1) Someone looking to buy a Broker Dealer, such as:

  • Shell Broker Dealers
  • Self Clearing Broker Dealers
  • Independent Broker Dealer Firms
  • Private Placement Broker Dealers
  • Introducing Broker Dealer
  • Producing Broker Dealer

2) An owner seeking a merger & acquisition of a Broker Dealer

3) An investor searching for producing Broker Dealers to invest in.

The team at CXG has created a platform that sets out to help buyers find the right Broker Dealer by utilizing a combination of human experience and cutting edge technology – the only Broker Dealer platform on the market. Most importantly, every broker dealer listed on our platform has met the following requirements:

  • Proper Regulatory Credentials
  • Financial Strength
  • Clean Background

Book an appointment to discuss your needs and access our Broker Dealer platform!

Buying a Registered Broker Dealer Firm? We can help!

Hands-on personal service, our acquired expertise, and an extensive list of available Broker Dealers for sale are just a few of the advantages CXG provides its partners when it comes to finding the right Broker Dealer. Our entire team is experienced in the Broker Dealer buying process and deal with FINRA consistently. Contact us to schedule an initial consultation, which will include an overall assessment, presentation of options, and an examination of your alternatives. Whether scheduling, costs, or capabilities is your most pressing concern, we have options available to meet your needs best.

Acquire an Independent Broker Dealer

All Broker Dealers must be registered with the SEC and FINRA. Potential buyers should be selective when choosing a Broker Dealer to buy because a firm can only conduct business within the line(s) of business it is registered for. The good news: We have several Broker Dealers for sale that are approved in a variety of business lines. So no matter the nature of the security, you can easily find a Broker Dealer that suits your needs.

Broker Dealer Mergers & Acquisitions (M&A)

Broker Dealer Mergers & Acquisitions is when an owner seeks a transaction in which the ownership of a Broker Dealer is consolidated with or transferred to another entity. Typically, M&A are utilized as strategic tools for management. The merger or acquisition of a Broker Dealer can facilitate growth or downsizing, change the firm’s line of business, or improve the firm’s competitive positioning.

  • An acquisition is the purchase and takeover of one company or business by another company or business entity.
  • A merger is the legal union of two or more corporations into a single entity. Generally, liabilities and assets are assumed by the purchasing party.

Typically, both forms of transaction result in the consolidation of liabilities and assets under one entity. A transaction structured as a merger may give each firm’s shareholders partial control and ownership of the combined company. Mergers & Acquisitions involving regulated Broker Dealers most often require approval from the Financial Industry Regulatory Authority (FINRA) under Rule 1017.

Let us Help You Buy a Broker Dealer Firm

Take the stress and hassle out of buying a Broker Dealer. Simply leverage CXG’s expertise, personal service, and our comprehensive list of available Broker Dealers for sale. Our team has years of experience with the Broker Dealer purchasing process, the M&A process, and working closely with FINRA for our partners. Let us help you!

Book an appointment with one of our highly trained professionals to discuss your needs and access our Broker Dealer platform.

Or call us at 631-595-5305.

Disclaimer: The information provided on this website is for general informational purposes only. It is not intended to constitute legal advice or to substitute for the advice of a qualified legal professional. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. It is advisable to seek the advice of a qualified legal professional regarding your specific legal situation or questions.