Introduction 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 part of the big brokerage houses and are independent. Since these are independent you will get a lot of sound advice and will not be a biased advice towards mutual fund or a stock. These broker dealers will not be pushing their own products.
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
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 verification about a particular firm. Check 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 cases it may be good to go with the affiliated broker dealers as then you may be part of a larger network of firms and have access to a lot of information that the association with a bigger firm provides. The choice is yours - 23311
The other part of the industry has the dealers that are independent and are not part of the big brokerage houses and are independent. Since these are independent you will get a lot of sound advice and will not be a biased advice towards mutual fund or a stock. These broker dealers will not be pushing their own products.
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
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 verification about a particular firm. Check 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 cases it may be good to go with the affiliated broker dealers as then you may be part of a larger network of firms and have access to a lot of information that the association with a bigger firm provides. The choice is yours - 23311
posted by Mr. Forex at
10:15 AM
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