Craigslist is now the place to sell an entire business

The mergers and acquisitions of small broker-dealers have gone mass market. Craigslist, an unlikely platform for independent brokerages selling their businesses, entered the M&A field last week. And it was hot. Jim Gilbert defied the naysayers when he posted his 25-year-old Sherman Oaks, Calif.-based brokerage for sale on the Web site, which is better known...