Payouts and Intrest Sharing
Oct 19, 2005 6:55 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 7:22 pm
Why should it? How is that different from any indy b/d?
Oct 19, 2005 8:40 pm
How many B/Ds you know that share the credit and debit balances income with the Broker.
Oct 20, 2005 1:37 pm
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 7:30 pm
[quote=mjacosta]
How many B/Ds you know that share the credit and debit balances income with the Broker.
[/quote]
All of them, as far as I know. Why do you ask?