Cantella

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Apr 20, 2010 7:04 pm

Does anyone know anything about Cantella...

Is it an INDY is it like Waddell and Reed?

How many reps to they have/Avg. production rep?

How are they to work with.

I checked out their website and search the web and could not find much info.

Thanks.

Apr 20, 2010 7:48 pm

They are indie with a choice of 4 clearing firms I think with about a 90% payout.

Apr 21, 2010 12:27 pm

Are you a start up or looking to transfer from another b/d?

Apr 21, 2010 2:23 pm

[quote=mivy]

Are you a start up or looking to transfer from another b/d?

[/quote]

Current indy looking to change B/D.

I have seen Cantella on this board in the past.

Apr 21, 2010 4:23 pm

I've bought camo pants from them and some fishing gear.  Great place.

Apr 21, 2010 6:17 pm

[quote=on my own]

[quote=mivy]

Are you a start up or looking to transfer from another b/d?

[/quote]

Current indy looking to change B/D.

I have seen Cantella on this board in the past.

[/quote]

Lots of nickels and dimes...

What type of business do you run? Fee, I would look at Harbor, Cambridge

Anything else: Doesn't really matter..

Apr 22, 2010 1:11 pm

I visited with Jim Freeman and Todd Micklovitch at Cantella. Both good people; reasonable firm. Frankly, what I've found on the fees/payouts is that basically most firms are awfully close to one another depending on your production level. For me, I looked for someone that would pay me like my T12 was $400K - even though I was a fraction of that - and had the flexibility I desired.

I don't think Cantella would have been a bad choice. Feel free to pm me.

Apr 22, 2010 2:05 pm

From what I have seen, some firms offer higher "payouts", then charge you for everything and nickel and dime you to death.  Other firms have lower payouts but include a lot of services without charge.  It also depends on what type of business you do; transactional, fee-based, annuities, production level, etc., and also what type of services you will need (as some may cost more than others or be free at some firms).