Tips To Find A Good Independent Broker Dealer
A lot of persons who give you tips on investment decisions and what not to buy are the brokers who have offices near your place where you stay. Now these brokers will generally execute your trades via some intermediaries. These dealers can be big firms which are reputed in the industry.
The other part of the industry has the broker dealers that are independent and are not affiliated to any company. The benefit of these companies is that they are not affiliated and hence will give you good advice and as these are small the service is very personalized. A lot of investment advisers prefer the independent broker dealers.
Since these are independent firms they need to route trades through some other firms so technology is a must. So select a brokerage firm with good technological capabilities.
Ethics is a must in the financial industry. Do an industry survey and find the firms that are the best in terms of ethics. Unethical firms will leave you with no money and will damage your finances. The unethical practices can harm the broker dealer in the longer run and then you will be affected also.
You can go to the independent broker dealer association for authentication about a particular financial house. Confirm the broker dealer rankings. Each year the reputed trade magazines will come out the broker dealer rankings and these rankings will help make your decision easy. Make sure that you stick to the top ten firms only and of course these firms give good advice which will help you make money.
In some instances it may be a better option to go with the affiliated broker dealers as then you may be part of a larger brokerage house and have will have easy access to a lot of insider scoops that the association with a bigger firm provides. The choice has to be made by you. - 23208
The other part of the industry has the broker dealers that are independent and are not affiliated to any company. The benefit of these companies is that they are not affiliated and hence will give you good advice and as these are small the service is very personalized. A lot of investment advisers prefer the independent broker dealers.
Since these are independent firms they need to route trades through some other firms so technology is a must. So select a brokerage firm with good technological capabilities.
Ethics is a must in the financial industry. Do an industry survey and find the firms that are the best in terms of ethics. Unethical firms will leave you with no money and will damage your finances. The unethical practices can harm the broker dealer in the longer run and then you will be affected also.
You can go to the independent broker dealer association for authentication about a particular financial house. Confirm the broker dealer rankings. Each year the reputed trade magazines will come out the broker dealer rankings and these rankings will help make your decision easy. Make sure that you stick to the top ten firms only and of course these firms give good advice which will help you make money.
In some instances it may be a better option to go with the affiliated broker dealers as then you may be part of a larger brokerage house and have will have easy access to a lot of insider scoops that the association with a bigger firm provides. The choice has to be made by you. - 23208
posted by X - Men @ 9:33 AM
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