Sponser for independent new guy

15 replies [Last post]
letmein's picture
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Joined: 2005-12-26

Hi everyone,

I recently worked in the commodities industry and i am now looking to
go work as independent securities broker. Im looking for companys that
would sponser me for the required series 7,63,24 so i can go
independent.

I also am thinking of doing this part time. I am willing to pay all fee's to get the licensed.

What securities firms welcome new people and help me get licensed to go independent and move at my own pace ?

doberman's picture
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Joined: 2005-02-22

Try this website: www.qcwelcome.com
They state that they allow part-time brokers. I have no experience with them as a firm, so I can't offer any opinion good or bad.

giff74's picture
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Joined: 2005-06-30

letmein wrote:Hi everyone,I recently worked in the commodities industry and i am now looking to go work as independent securities broker. Im looking for companys that would sponser me for the required series 7,63,24 so i can go independent.I also am thinking of doing this part time. I am willing to pay all fee's to get the licensed.What securities firms welcome new people and help me get licensed to go independent and move at my own pace ?
How/why would you be a part time broker? Not to mention I have a hard time imagining a firm would take you on without a license and only planning to work part time. Besides all that wouldnt OBA be a real pain in the ass if you hard another full time job?

executivejock's picture
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Joined: 2005-06-29

The principal would have to sign off on one working part time?
Could one work part time with a minimal cliental then move into industry after a minor base is established.
Like others have stated in the past someone with minimal experience and lisences would have to be in a win-win for things to work. Working part time is more of a win for the part timer with a lot of liablity for the sponsor.

troll's picture
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Joined: 2004-11-29

executivejock wrote:
The principal would have to sign off on one working part time?
Could one work part time with a minimal cliental then move into industry after a minor base is established.
Like others have stated in the past someone with minimal experience and lisences would have to be in a win-win for things to work. Working part time is more of a win for the part timer with a lot of liablity for the sponsor.

Wow....this is like watching the blind, deaf, and retarded leading the merely blind.....
Exec you continue to insist to advise other rookies when you have no experience yourself.  How about you let us know when you've passed your series 7?

notabroker's picture
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Joined: 2005-12-30

that last post is hilarious

notabroker's picture
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Joined: 2005-12-30

Most independent b/d's could careless how much you work as long as you can hit their minimum production level in your first year (ranging from $20k to $150k).  If you can find a local OSJ office and don't have an outside job that takes more than 35% of your time you should be good to go.

executivejock's picture
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Joined: 2005-06-29

Joe is god. So listen to everything he says. Since he is so positive I can just imagine his life is wonderful... NOT!
Sorry for my iggnorance, but thanks for more information on this issue.

executivejock's picture
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Joined: 2005-06-29

I threw out the bait to get some action... Joe bites.
If one works as a broker and wants to get an additional job principal must be informed...
If one were a successful independent it would be a good idea to keep a close eye on someone who is new to the industry. The initial question states being a broker part time. So if a rookie broker worked part time I would think there could be more liability since they would be focuesed on multiple things.

troll's picture
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Joined: 2004-11-29

executivejock wrote:
I threw out the bait to get some action... Joe bites.
With bait as sweet as that, how could I resist?
If one works as a broker and wants to get an additional job principal must be informed...
If one were a successful independent it would be a good idea to keep a close eye on someone who is new to the industry. The initial question states being a broker part time. So if a rookie broker worked part time I would think there could be more liability since they would be focuesed on multiple things.
You are correct on this point.  So go get your ser 7 and put that brain to work.  There's probably people who could use your help....that is if you have spare time away from selling fish....

Ace Planner's picture
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Joined: 2006-03-09

letmein wrote:Hi everyone,I recently worked in the commodities industry and i am now looking to go work as independent securities broker. Im looking for companys that would sponser me for the required series 7,63,24 so i can go independent.I also am thinking of doing this part time. I am willing to pay all fee's to get the licensed.What securities firms welcome new people and help me get licensed to go independent and move at my own pace ?
Ameriprise would sponsor you for the 7 and 66, but I don't know about the 24.  But most indy firms require proof of prior production, so get a move on.
Sigma is one of the indy firms with a low req. and doesn't require the 24 for you to use them.
Ace

FreedomLvr's picture
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Joined: 2006-02-10

You only need the 24 if you're planning on being an OSJ.  It might pay to go under a local OSJ for a couple of years and after meeting the production requirements for whichever B/D you choose get your 24 at that time and start your own office.

7GOD63's picture
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Joined: 2006-01-29

Not this post.. Joe don't say a thing...

radernation-1's picture
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Joined: 2005-06-07

Hi Letmein,
                  I work for Quest Capital if you want to know more you can email me .

troll's picture
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Joined: 2004-11-29

7GOD63 wrote:Not this post.. Joe don't say a thing...eh?  Not this post what?

troll's picture
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Joined: 2004-11-29

joedabrkr wrote:executivejock wrote:
The principal would have to sign off on one working part time?
Could one work part time with a minimal cliental then move into industry after a minor base is established.
Like others have stated in the past someone with minimal experience and lisences would have to be in a win-win for things to work. Working part time is more of a win for the part timer with a lot of liablity for the sponsor.

Wow....this is like watching the blind, deaf, and retarded leading the merely blind.....
Exec you continue to insist to advise other rookies when you have no experience yourself.  How about you let us know when you've passed your series 7?LOL...ya gotta admit that was a CLASSIC!

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