Buying Fees
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If you do, you need read no further as someone is going to offer to sell you a practice or block of buying fees. If you are more of a realist, you will already have done some research and will know that it's a seller's market. You and your requirement will either languish on a number of databases ´waiting for something to come along´, or you will resign yourself to putting your hand in your pocket and paying buying fees above the odds of what you should be paying.
The active role in buying fees is a buyer´s only realistic alternative, one in which APMA strongly believes, whereby we are retained to approach the market on the purchaser´s behalf. We undertake a market development exercise of controlled proportions. Having defined your target market place, and while retaining your firm´s anonymity and giving the same protection to the other parties, we write to them giving an overview of your requirements and invite them to contact us with a view to discussing their interest. Our success rate is very high and, if you are prepared to be flexible in the ways we will recommend, the prospect of success, although not guaranteed, is well worth the modest investment. You will know the limit of your exposure at the outset, and the reward for the proactive purchaser can be significant and your buying fees will be significantly less than in the passive role.
To obtain optimum profitability the practitioner can either grow his client base organically, or he can choose to start buying fees. The organic approach is normally painfully slow and can put great stress on a family during the early years, whereas locating and buying a practice or block of fees requires courage, flexibility of attitude and a certain amount of luck.