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Start A Broker Dealer

Owning your own broker/dealer has its advantages. The profits alone can make it well worth your while. Having a broker/dealer can open the door to doing your own trading and investment banking. A broker/dealer can also add that certain something to your company, heightening your reputation and name.

However, broker/dealer start-ups require an intense amount of effort and personnel. The lengthy registration process and course of hurdles make the set-up and operation of a broker/dealer laborious and time-consuming. Many times, firms submit the initial registration forms, only to be discouraged by the on-going requests for documentation and the constant back-and-forth communication with FINRA.

That is where HedgeCo's Start Up Consulting Group comes in. Our experts have helped to set up numerous broker/dealers, expediting the start-up process tremendously. Working with you to gather the necessary forms and documents, HedgeCo's Start Up Consulting Group can generally complete the process from start to finish in about 4-5 months. The team at HedgeCo's Start Up Consulting Group has the experience, expertise and vast industry contacts needed for setting up a successful broker/dealer.

What's more, HedgeCo's Start Up Consulting Group will employ personnel to run your broker/dealer for you. FINRA has strict requirements when it comes to who may run a broker/dealer. Their approval will be dependent on whether or not you have a competent, reputable representative to run the company. Allowing HedgeCo's Start Up Consulting Group to run your broker/dealer has many advantages to you, the owner. Not only will we be instrumental in launching in the company, HedgeCo's Start Up Consulting Group will take care of all the continuing compliance and business procedures as required by FINRA and the SEC.

Starting your Broker-Dealer

HedgeCo's Start a Broker/Dealer division is equipped to handle all types of brokerage establishment. This division is staffed by experienced, FINRA licensed representatives who understand not only broker/dealer formation, but also the nuances of running a broker/dealer on a day to day basis. Unlike other firms that may only have 'text book' knowledge when establishing brokerage firms, our staff owns and operates brokerage firms currently. Our consultancy packages include:

  • SRO and state membership applications
  • Assistance in financial preparation
  • Electronic notification and filings
  • Assist in the preparation of written supervisory procedures
  • Setting up continuing education programs
  • Conducting needs analysis and written training plans
  • Implement anti-money laundering programs
  • Perform independent audits
  • WebCRD monitoring and amendments
  • Various other operations, technology, and compliance related projects