Minimum Production Requirements

5 replies [Last post]
DV007's picture
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Joined: 2007-12-11

I'm a series 3 futures broker looking to move into equities as a registered rep.  I know that many firms have a production minimum (Brokers Xpress is $50k).  Are there any firms that don't have a minimum?
Thanks 

Indyone's picture
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Joined: 2005-05-30

Be careful what you wish for...that minimum is at least some motivation against failure.
 
...and besides...a $50K minimum is NOTHING.  If you can't cut that each year, you're wasting your time.  What the investment public does NOT need is a bunch of part-time advisors.

DV007's picture
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Joined: 2007-12-11

I'm keeping my series 3 and CTA futures business while I build the equity side - believe me friend, I'm no "part time advisor".  I'm a trader (CTA) and I want to use my skills to manage equity accounts and possibly go full time in that arena.
I'd like some suggestions as to whether there are any firms out there that will let me start without a production requirement as I work to bring my CTA clients over - which could take months/years.

MISS JONES's picture
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Joined: 2007-08-28

Don't worry about Minimum requirements. If you walk your talk you should do well.  Go with a firm you believe in and one you will want to work at for years to come and just move.  Your CTA clients will come or they won't.. Don't worry too much about what you cannot control.
 
Miss J

eddjones654's picture
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Joined: 2004-12-03

DV007 wrote:I'm a series 3 futures broker looking to move into equities as a registered rep.  I know that many firms have a production minimum (Brokers Xpress is $50k).  Are there any firms that don't have a minimum?
Thanks 
 
Try EJ they don't have any minimums for futures production

DV007's picture
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Joined: 2007-12-11

Thanks but I'm not interested in futures - looking to make a full transition into equities (eventually).  I plan to do this "on the side" as I slowly wind out of my CTA.  I have a business partner and will need to leave him (and deal with a non-compete) when I get my equity business large enough to pay the bills.  It will be very small to start - that's why I'm concerned about the production minimums right now.

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