NYTG-17(2)C specifically addressed whether a corporation that is not a registered securities broker or dealer may be considered a registered securities broker or dealer for the purposes of computing its receipts factor through its indirect interest in a disregarded single member LLC (SMLLC) that is a registered broker-dealer
There is a mad scramble going on as new DOL rules erode once reliable sources of independent broker-dealer
The report points out that changes in the advisor-client of the modern broker-dealer
present different challenges and opportunities that broker-dealers
In addition to the spreads broker-dealers
receive from payout grids, there are two other primary sources of broker-dealer
profit: revenue sharing and markup.
The improvements now provide each broker-dealer
with its own policy limits without sharing a master policy aggregate with other broker-dealers
in the program.
Specifically, three steps are key to the success of a firm that offers individual bond portfolios: establishing cost-effective quality broker-dealer
relationships; assuming additional managerial overhead including staffing adjustments and reporting procedures; and supporting staff education and training.
The joint report would have been even more useful if it provided quantification on the incidence of the broker-dealer
deficiencies," Keating added.
Established in January 2004, FSI has 116 independent Broker-Dealer
members and approximately 12,500 independent financial advisor members.
recently laid off employees due to a major slowdown in variable annuity revenue while another BD with a strong focus on alternative investments and REITs announced that 2017 would be break-even after years of consistent profitability; we see many broker-dealers
raising costs or adding profit centers to help fill in the void.
Pershing has been delivering slices over the past year of its Broker-Dealer
of the Future II research, which focused on six big transformations that independent BDs must embrace if they wish to succeed in the future.
Some work only with CPAs who have already registered as investment advisers (R/As), while others don't have this requirement or will help practitioners become R/As so they can offer financial planning for a fee or become registered representatives of the broker-dealer
In 1991, the Board testified in support of a Treasury Department legislative proposal that would have repealed the Glass-Steagall Act restrictions on the securities activities of banking organizations and, as an integral part of that reform modified the blanket execptions for banks from broker-dealer