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Payouts and Intrest Sharing

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Oct 19, 2005 6:55 pm

mjacosta

Joined: 2005-07-24Offline

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?  

Oct 19, 2005 7:22 pm

anonymous

Joined: 2005-09-29Offline

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

Oct 19, 2005 8:40 pm

mjacosta

Joined: 2005-07-24Offline

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

Oct 20, 2005 1:37 pm

anonymous

Joined: 2005-09-29Offline

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.

Oct 20, 2005 7:30 pm

Starka

Joined: 2004-12-01Offline

[quote=mjacosta]

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

[/quote]

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