New exclusive marketplace launched for buying and selling adviser books

Dylan Ferreira, buythebook

Buythebook is aimed at disrupting and reshaping how financial service professionals buy, sell and scale their businesses.

Ferreira expanded his business through the acquisition of two mortgage books and found sourcing and buying professional services books a hit and miss affair, with transactions happening behind closed doors without structure, transparency or a fair benchmark in value.

“If advisers want to retire, or leave the industry for other reasons, and sell their books there isn’t a standardised process for what that looks like,” he says.

“Buyers are left in the dark. Until now buyers, often spending hundreds of thousands of dollars, have been tied up for hours looking at manual spreadsheets while relying on information from the adviser, aggregator or CRM provider. It is a huge risk, if the buyer does not have clarity on all the information.”