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Securities America
Securities America, one of the nation's largest broker/dealers, supports over 1900 independent financial professionals with investment and advisory products and services.
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I am looking for independent broker dealer in securities industry?
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
Independent Broker-Dealer: Services for RIA's Registered Inv
Independent Broker-Dealer: Services for RIA's Registered Investment Advisors. Broker WebStation is designed to deliver scalable, turnkey ...
Who is the best independent broker dealer firm to work for?
I really don't have a specific answer to your question.
But I'd like to offer some assistance anyhow.
First of all you need to be specific as to what you're looking for from the firm and what your function in the firm would be.
For example I'm a licensed insurance producer. When I began my career I was searching for a firm that would provide me with training and give me exposure and experience in dealing with clients interested in financial products. I needed to learn prospecting techniques, how to determine which products applied to their situation, how to present those products and how to close. So, I went to work with a captive company like State Farm, All State, Prudential, Ameriprise, New York Life, Edward Jones, etc...(ofcourse I only worked for one of these companies but I don't want to single the one company out). I received enough training and work experience from such company to plainly see that this field was very lucrative if only I could get appointed with enough insurance companies to expand my portfolio in order to offer my clients the best products from the best companies at very competitive cost to them. I wanted to remain non-captive, run my business as I see fit, have no quotas to meet, receive top commisions for myself and be able to expand my agency by training other insurance producers to do what I'm doing, thereby creating multiple streams of income for myself.
After researching all the companies across the United States I found one that met my criteria and put me on my path to success and wealth without controlling my income potential and time.
So, make a list of what it is you want, research, talk to others in the business, listen objectively but with an open mind and you should find the best independent broker firm to work on based on what is going to satisfy your objectives. It helps if you make a list of pros and cons of each company. Good luck!!
If you'd like a list of companies I researched before making my decision of who to affiliate myself with feel free to email me at robertsonassures@gmail.com and I'll get back with you ASAP.
Can anyone recommend independent broker/dealers that I can security licenses as well as selling good products?
I'm a candidate for CFP and want to be independent from any particular insurance companies or power houses. Can anyone recommend independent broker/dealers?
There are a number of them out there (I work for one myself), but you'd be an independent contractor with little to no financial backing. Our reps pay us a percentage of their income to handle things like compliance, commission tracking, paperwork processing, setting up E&O coverage, etc. Our reps rarely handle accounts with less than a million dollars, though.
Very few brokers can go out on their own without building up a substantial customer base first. Your best bet would probably be to find a successful broker at a small broker/dealer, go to work for him (he'd be your OSJ and get a % of your income), then, when your client base is solid, you can become a satellite office and eventually your own OSJ.
Our firm requires a minimum of $250,000 per year in commissions (we don't count financial planning fees either in our charges or our minimums) so we're not talking small customer accounts.
There are firms out there with less stringent requirements, so you might check around with other brokers and in the trade magaizines to see which firms are looking for what type of brokers.
And no, I'm not naming any firms (including mine) because that would be a no-no.
Good luck in your chosen field.
I have my securities liscenses and am not with a company. What is the best independent company to be with?
I am in the US and have been with a company but am looking to be on my own, but am not sure how to get a broker/dealer and stay independent
I am in WI and was with a captive company but am looking to be on my own, independent, but am not sure how to get a broker/dealer and stay independent to start on my own and still be able to work in the best interests of my clients.
Currently 6 &63 liscenses and Insurance liscenses.
Thanks!
Well that depends on how independent you want to be. Why don't you open up your own shop? What all licenses do you have?
can anyone tell me more about financial broker and dealer?
hi there; i want to know more about financial broker and dealer; when a broker works in brokerage firm, does this means he is working independently (like running his own business) or he is paid fixed salary by an employer? also in the case of dealers, do they work independently? tell more about it by sharing ur experience; i want to work independently (like running my own business) n hope one day i can open brokerage firm; also, can i work in the exchange (such as stock exchange) as independent trader? tell me more about independent trader; i want to serve my clients by working independently;
no spam mail otherwise i will report; if u dont know, then dont answer; thank you for ur answer
Being a stockbroker is a lot like being in sales. You have to go out and find your own customers and sell them "products"--stocks, bonds, mutual funds and other investments. You almost always work for straight commission. Your employer might pay you a salary for your first year or so until you have a chance to line up some customers, but after that, your whole paycheck will be based on how much you sell. Even though you're an employee, it is a lot like running your own business, because what you earn depends entirely on how hard you work and how successful you are.
Working for a firm--as opposed to starting up your own business--is the way to go, especially at first. There are a lot of legal issues involved in being a broker, and an established firm will have systems in place to help you get the licenses you need and stay on the right side of the rules. Good firms will also have training programs to teach you about various products and how to sell them to customers.
Being an independent trader is a little different. As an independent trader, you are buying and selling stocks or other financial products with your own money to make a profit. It takes a decent amount of money to get started, a high tolerance for risk, and a good understanding of the markets. Many independent traders don't last very long, but those who are good at it can make millions.
SEC Limits the Use of Series LLCs for Broker-Dealers : LLC Law Monitor
The SEC recently took the stick one's neck out out of the sails of broker-dealers hoping to use series LLCs for multiple broker-dealers within one LLC. In a message dated September 1, 2009 , the SEC standard advised the Pecuniary Dynamism Regulatory Prerogative (FINRA) that the proposed series LLC form would not d assembly under the SEC’s net wherewithal determine, its consumer barrier on the whole, and its monetary reporting govern.
The LLC itself would have no issue operations. In place of, each series would manage a take brokerage and would have divided assets and liabilities. The liabilities of one series would not be enforceable against the assets of the other series or the whole LLC, but the assets and liabilities of the two series would be aggregated on the LLC’s consolidated fiscal proclamation, which is filed periodically with the SEC. (For a statement of how series LLCs m, see my preceding function, here .)
The SEC’s sceptre serrated out that partitioning each series’ assets and liabilities within the LLC would be inconsistent with applying the net extraordinary ascendancy at the LLC wreck. Reporting the LLC’s financials on a consolidated underpinning would greatly ruin ' the SEC’s and FINRA’s gifts to direct the LLC’s monetary standing, since the SEC would not be superior to select the monetary arrangement of the LLC and each series without wealthy essay.
The help mucronated out other problems regarding chap guardedness accounts and corresponding treatment of customers in the as it of a liquidation step. The bottom order was that the notion of having the LLC be the regulated individual while yet having each series be treated as partition, independent entities for purposes of their assets and liabilities, is inconsistent with the SEC’s regulations.
Corporate and Obligation Member of the bar & Attorney Doug Batey of Stoel Rives LLP, present services relating to LLC founding, statutory formalities, obsolete-through taxes, LLC agreements & interests, assert statutes and tax encumbrance, discontinuation and debate solution, serving Washington, Oregon, Utah, Idaho, California, Minnesota, Alaska, and the Western Cooperative States. The materials convenient at this web purlieus/blog are for informational purposes only and not for the intention of providing juridical counsel or soliciting permitted corporation. You should with your attorney to seize suggestion with characteristic to any specifically emanation or problem. Use of and access to this Web position/blog or any of the e-dispatch links contained within the place do not initiate an attorney-customer relationship between Stoel Rives and the consumer or browser. The opinions expressed at or through this situate/blog are the opinions of the living soul framer and may not contemplate the opinions of the rigid, any lone attorney, or the multinational company’s clients. Over-the-transom facts sent to Stoel Rives by persons who are not clients of the steady is not area to any respect of confidentiality on the part of the solid.
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