Can anyone recommend independent broker/dealers that I can security licenses as well as selling good products?
There are a number of them out there (I work for one myself), but you’d be an independent contractor with little to no financial backing. Our reps pay us a percentage of their income to handle things like compliance, commission tracking, paperwork processing, setting up E&O coverage, etc. Our reps rarely handle accounts with less than a million dollars, though. Very few brokers can go out on their own without building up a substantial customer base first. Your best bet would probably be to find a successful broker at a small broker/dealer, go to work for him (he’d be your OSJ and get a % of your income), then, when your client base is solid, you can become a satellite office and eventually your own OSJ. Our firm requires a minimum of $250,000 per year in commissions (we don’t count financial planning fees either in our charges or our minimums) so we’re not talking small customer accounts. There are firms out there with less stringent requirements, so you might check around with other b
