BUY SIDE BROKERS - ANYONE HAVE EXPERIENCE???

I've had a few sell side brokerages pitch me buy side services that amount to something like a 5-10k retainer along with a 5-7% success fee. There seems to be a lot of potential for conflicts of interest not to mention the staggering cost on even modest acquisitions. Are these guys just trying to scoop both ends in a hot market? Are normal buyers retaining services like this?



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