Your Guide To Independent Broker Dealers
Most likely you are going to invest with a broker that is near your house. Now these brokers will generally execute your trades via some intermediaries trading platforms. These dealers are very big reputed financial names in the brokerage industry.
The other part of the industry has the dealers that are independent and are not attached to any big firm. The advantage of these firms is that they are unaffiliated and hence will give you sound advice and as these are not very big the service is very personal. A lot of investment advisers prefer the independence of broker dealers.
These independent dealer companies have to have a good technology platform to execute your trades easily. The other thing that you should be looking at is their goodwill and reputation
Before you enroll with an independent broker make sure that check with your fellow friend as to which is a good broker dealer firm. Some broker dealers companies have been known to manipulate their investment advisers into doing a lot of unethical practices.
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.
That said you can go with the affiliated broker dealers too but the fact is that in some ways they may be better with all access to a lot of special information which most of the independent broker dealers may not possess. The choice has to be made by you in the end. - 23223
The other part of the industry has the dealers that are independent and are not attached to any big firm. The advantage of these firms is that they are unaffiliated and hence will give you sound advice and as these are not very big the service is very personal. A lot of investment advisers prefer the independence of broker dealers.
These independent dealer companies have to have a good technology platform to execute your trades easily. The other thing that you should be looking at is their goodwill and reputation
Before you enroll with an independent broker make sure that check with your fellow friend as to which is a good broker dealer firm. Some broker dealers companies have been known to manipulate their investment advisers into doing a lot of unethical practices.
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.
That said you can go with the affiliated broker dealers too but the fact is that in some ways they may be better with all access to a lot of special information which most of the independent broker dealers may not possess. The choice has to be made by you in the end. - 23223
posted by X - Men @ 9:33 AM
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