December 21, 2020 at 5:52 pm
#115849
No.
I have serve as an business intermediary/broker for over 5 years now and would agree the qualifications for this industry are minimal at best and there are no self regulating organizations.
Often these business broker positions entail simply attending a short few days of corporate training to give an overview of the transaction process.
Intermediaries without additional education in the M&A or in financial analysis are not prepared to conceptualize or provide due diligence outside of a generic report on the business.
Further, no intermediary should claim they have conducted a formal due diligence on any business.