What is APBOE?
The Advisory Practice Board of Exchange (APBOE) is a marketplace for financial advisors to buy and sell wealth management practices. APBOE is a neutral site for multiple third-party valuation providers, M&A consultants, and independent broker dealers to list sellers, search buyers, and ultimately sell practices.
APBOE provides access to bank financing to fund wealth management practices. Via our Pre-Approval portal, applicants are routed to an independent Lender Marketplace to find the best bank partner to fund your transaction. APBOE provides a turnkey solution for independent and registered investment advisors to buy and sell wealth management practices with the requisite funding.
Sellers on APBOE can ascertain creditworthiness and practice readiness of prospective buyers from our proprietary PurchasingPower™ scoring methodology. Buyers on APBOE can increase their likelihood of acquiring practices by receiving a verified PurchasingPower™ score.
Seller Benefits
At APBOE, we not only pair buyers with sellers, but our team also prequalifies your practice for financing available from one of our partner banks. Sellers enjoy several APBOE attributes:
- Complete anonymity and data security
- Buyers are unable to contact sellers
- After reviewing prospective buyers, sellers control the communication by contacting buyers
- Access to PurchasingPower score of interested buyers providing an efficient screening process
- M&A consultant representation to ensure most attractive listing prices, promote a seamless transaction and create deal structure that is eligible for bank financing
- Bank financing analysis to determine the amount of financing a seller’s practice qualifies for prior to setting a list price
- Bank financing options from our national network of lenders in our Lender Marketplace to provide customized solutions to meet an individualized retirement glidepath
Buyer Benefits
APBOE is a comprehensive platform for serious practices acquirers. Buyers benefit from a number of our platform’s features:
- No subscription fees
- Seller search functionality that provides clear results on verified opportunities
- All seller listings are verified by APBOE and their respective M&A consultant
- Only Verified Sellers can search buyers; your Practice Profile will not be accessible to other buyers
- Buyers can increase their probability to buy a practice by increasing their PurchasingPower™ score
- Updates on your Bookmarked Listings to give you insight into the progress of a seller listing
- Access to conventional and SBA lenders for up to 95% of the purchase price
PurchasingPower™ Rating
Each buyer is assigned a PurchasingPower™ rating based on their ability to acquire practices. Factors that determine PurchasingPower™ rating include:
- Completion of My Practice Profile
- PreApproval
- Completion of current valuation from a verified valuation provider
- Banking relationship with a bank who funds advisory loans
- Liquidity for down payment
- Utilization of M&A consultants buy side services
- Scores are verified after submitting all documents under the Verification tab