The Right Broker/Dealer

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Apr 11, 2008 1:43 pm

What to look for in a Broker/Dealer…

1. Obviously Payouts are the #1 thing to look for.  a. What is your payout for securities business?  b. What is the Payout for Fixed business?   Example firm: Trustmont Financial Group --> Answer:  a. $60K GDC = 90% payout + they have a bonus program 1% @ $100K & .5 % increase for each additional $50K upto a max payout of 93%   b. 100% payout on any Fiexed or Equity Indexed Annuity Business.   2. Branch office over rides for advisors under you?  YES   3. E & O is $1700 per year   If interested call me at 724-468-5665 Ext. 113 I can asnwer most of your questions!    
Apr 11, 2008 3:36 pm

Too cheap to buy an ad, or do you just like to spam forums?

Either way, you’re not doing yourself any favors with that approach.  You couldn’t figure that out yourself?! 

Apr 11, 2008 3:46 pm

Sorry to disappoint you with this ad…I guess the main point of it besides advertising is  to raise eyebrowls among advisers. Hopefully advisers who do have  broker/dealer questions will reply. This industry is ever changing B/Ds all pretty much offer the same stuff. Not to talk up Trustmont…but we are definatly not greedy and will negotiate just about anything and everything with reps to find a happy medium.

  Hopefully at some point in time i will be able to answer some questions you have....   Have a great weekend!
Apr 11, 2008 3:58 pm

Funny, I always thought the number one thing to look for was to find a place that let you do what you think is right by your clients. 

Apr 11, 2008 4:19 pm

[quote=jasst49]I guess the main point of it besides advertising is  to raise eyebrowls among advisers. [/quote]
Oh, I’m sure you will raise “eyebrowls” among advisers here. 

Now everyone knows Trustmont is too cheap to take out an ad, too illiterate to spell correctly, and too naive to even realize that attempting such an unprofessional approach simply alienates the very people they had hoped to attract.


Apr 11, 2008 4:22 pm


  Your posts make it appear as if you are running a Mickey Mouse B/D.  Seriously, what reputable B/D spams message boards?  We remain anonymous because our B/D's don't like us to post on these boards.  What is your reason for posting anonymously?  Do your compliance people know that you are spamming a message board?   By the way, payout is important, but it certainly isn't #1.    Things like honesty, integrity, service, ease of doing business, professionalism, ability to do business in all 50 states, etc. all are more important than getting top dollar.   Also, if payout is the most important, I guess that nobody should use your firm since you don't offer the highest payout.   Additionally, your spelling and grammatical errors give you the appearance of a Toby Harris.   If you are the person in charge of bringing new recruits to the firm, you're making a terrible first impression.   Before today, I knew nothing about Trustmont Financial.  Now, I know that they are a tiny B/D that can't afford real advertisements. and operate out of a small office in a relatively small town, and can't do business in all states.   I also know how much they charge for E&O.  Sign me up!
Apr 11, 2008 4:23 pm

Morphius, we must think the same way because I posted without seeing your post.

Apr 13, 2008 12:32 am


I for one, have no respect for people/firms that try to take advantage of the system and get something for nothing. [/quote]

It’s called NO ADMIN!!!  

I “reported” a post 4 days ago from one of thse spammers and he’s still spamming.  Just one of the downfalls for a public forum.

Apr 13, 2008 10:45 am

I really hate to be negative about a company located outside my hometown of Pittsburgh that generates local jobs, but this guy is completely clueless.  I hope that he is some young guy that doesn't know any better.

First off, make sure when you are pitching your product you spell your words correctly.  Secondly, if he had spent any considerable time on the forum site he would have known that a majority of the readers/respondents on the forum are pretty well astute in regards to the business.

What to look for in a Broker/Dealer.... "1. Obviously Payouts are the #1 thing to look for."   Really?  Aren't there probably a hundred independent b/d's out there that have pretty close to a 90% payout?   Wouldn't he think that maybe the fixed and variable costs of doing business would be important.  Or how about this one, service?  Don't you think that's kind of important?  What about technology?    What's obvious, is that this guy has a lot to learn.  I hope he is not on all commission.