Payouts and Intrest Sharing

4 replies [Last post]
mjacosta's picture
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Joined: 2005-07-24

Florida Broker Dealer recruiting Independent Brokers and Investments
Advisors. High payouts and credit and debit balance interest sharing.  Is this something that would be attractive?  
 

Duke#1's picture
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Joined: 2004-12-06

Why should it?  How is that different from any indy b/d?

mjacosta's picture
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Joined: 2005-07-24

How many B/Ds you know that share the credit and debit balances income with the Broker.

Duke#1's picture
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Joined: 2004-12-06

Well, Raymond James for one.  It's not a huge amount, but it's a nice extra kicker each quarter.  I get paid a net 12.75 bps (15 bps gross @ 85% payout) on my combined money market funds, cash, & margin debt balances.
 

Starka's picture
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Joined: 2004-11-30

mjacosta wrote:
How many B/Ds you know that share the credit and debit balances income with the Broker.

All of them, as far as I know.  Why do you ask?

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