Payouts and Intrest Sharing

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Oct 19, 2005 2:55 pm

Florida Broker Dealer recruiting Independent Brokers and Investments


Advisors. High payouts and credit and debit balance interest sharing.  Is this something that would be attractive?  


Oct 19, 2005 3:22 pm

Why should it?  How is that different from any indy b/d?

Oct 19, 2005 4:40 pm

How many B/Ds you know that share the credit and debit balances income with the Broker.

Oct 20, 2005 9:37 am

Well, Raymond James for one.  It's not a huge amount, but it's a nice extra kicker each quarter.  I get paid a net 12.75 bps (15 bps gross @ 85% payout) on my combined money market funds, cash, & margin debt balances.


Oct 20, 2005 3:30 pm
mjacosta:

How many B/Ds you know that share the credit and debit balances income with the Broker.



All of them, as far as I know.  Why do you ask?