Verbatim's adviser M&A service has busy first month
Thirty firms have signed up to Verbatim Asset Management’s merger and acquisition support service launched just five weeks ago.
It is offered as part of the company’s wider business consultancy service, which helps advisers build a central investment process based on planning tools, client management systems, investment solutions and tax wrappers and platforms.
When a firm signs up to the service, Verbatim carries out a fact find on them, identifies the firm directors’ intentions for the business, whether they are looking to buy or sell, and any internal succession planning.
An anonymised profile of the firm is then added to the “common marketplace” and buyers and sellers can see which firms they might want to enter into merger and acquisition discussions with.