Opinion: The broker roll-up

On paper, consolidation of the independent London broker market
seems utterly logical and looks relatively straightforward.
The market consists mainly of relatively small and specialised
operations, which have been built from the ground up by individuals
with strong relationships and deep knowledge of their parts of the
market.
If these attributes could be combined with the scale and
efficiency of a larger corporate acquirer, these firms' owners
would get their reward and significant value would