Every dealer I call there is a minimum to be with them in trailing commissions, I don't have a huge book, but I will have other business ventures, and would like to find a broker/dealer with small fees and would allow me to slowly grow my business from the beginning? Any help out there?
A great video for San Francisco's Broker/Dealer duo. Produced by C-TRL Labs, Directors Devan Simunovich / Nika Offenbac
We would be asking these clients if they needed a 401K and then if so - refer them to a broker/dealer. Can we recieve referral fees?
Answer from a General Insurance Agent
Yes, you can, but you can not receive commissions if you don't hold a license type in the same category.
Referral fees are fine...
Heck, even internet companies and web masters with no insurance license at all can charge referral fees and lead fees.
If I obtain my Series 7 license under the sponsorship of a particular broker-dealer, and then leave that broker-dealer and join another broker-dealer (I join the new broker-dealer shortly after leaving the first; say, within 2-3 months later), does my Series 7 remain valid with the new firm? Or must I re-take the exam under the sponsorship of the new firm?
Only for two years and then you need to take the tests again.
I am looking for independent broker dealer in securities industry.
Best technology to support annuity business.
First Western Advisors is the largest independent broker dealer in Utah. It is a full service broker firm that is contracted with ING, American Skandia, etc.
contact info. @
www.fwainvest.com
Can they really find out if I open up an account elsewhere to do my trading online? The commissions my broker dealer charges are way too high and I'm sick of paying all that commission when I can open up a brokerage account elsewhere and pay low commissions. If I get caught though I will get fired. Anyone have any idea if this can be truly found out by my current firm?
You don't get an employee rate? Anyway it may not just be a company rule, but a rule from the SEC to prevent fraud and insider trading.
No matter where you work you can hear and have access to confidential info.
As for how they scan records, I do not know if there is some central database for broker employees, probably not. If you are licensed, there is a more likely chance of some audit. Then yeah, maybe fired.
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InvestmentNews - Nov 01, 2009
Inc. and Pershing LLC, to run its Century Securities Associates independent-broker-dealer affiliate and add a custodial unit for RIAs.InvestmentNews - Nov 01, 2009
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Portfolio.comFINRA's Ketchum Speaks of Fiduciary DutyThen, Ketchum cautioned the assembled broker/dealer executives to be mindful that they are operating “in a complex environment replete with conflicts that Rick Ketchum Chairman And CEO, FINRA, Securities Industry And Financial all 59 news articles »
InvestmentNews - Nov 01, 2009
“A high fiduciary standard should apply regardless of whether the professional carries the label broker-dealer or investment adviser,” Ms. Schapiro said.
Broker-dealer - Wikipedia, the free encyclopedia
A broker-dealer is a term used in United States financial services regulations. ... In the United States, broker-dealers are regulated under the Securities Exchange Act of ...