The Private Broker Network

02 Advantages of the Private Broker Network

Key advantages for dealer groups:

Privacy	Private Broker Network is a truly private solution – the PBN dealer group network can only view other network members’ information.
Control and growth of recurring income	The ability to attract new planning practices (and associated recurring revenue) from outside the dealer group plus set up joint ventures with accounting firms. Dealer group has more understanding and control over the transfer of recurring revenues within the group. Allows a BDM to spend less of their time acting as a business broker, which frees them to concentrate on other areas associated with preserving and building recurring revenue.
Total succession solutions	Provides comprehensive solutions for all succession issues.
Consulting services	Provides members with access to first rate consulting services for succession and due diligence, plus tax.
Finance	Allows buyers or successors to apply directly to the Commonwealth Bank for finance.
Documentation	Allows for the production of Information Memoranda that are of a consistently high standard. Provides dealer group-specific sale documentation.

Key advantages for practice networks:

Selling	Provides an efficient and cost effective way to unlock business equity, with cost savings on Information Memorandum preparation, brokering, legals and tax advice. Provides all the necessary succession advice under one roof. Reduces the risk of failure and associated costs.
Buying or Expanding	Provides an efficient method of buying a business or a client book from within the dealer group. Offers access to opportunities from outside the dealer group. Provides simpler access to finance (with the added advantage of being part of a pre-accredited dealer group). Offers the ability to propose joint ventures with accounting firms via the PBN.