In last month’s edition of Transitions magazine (page 30), we were featured as a firm that focuses on serving financial advisors who are considering a broker-dealer change. We thought it would only be fair to explain j[...]

I had the pleasure of speaking with Richard Brown recently, the CEO of JNBA Financial Advisors in Minneapolis, Minnesota. JNBA is an independent wealth management firm and registered investment advisor. His firm speciali[...]

What is a simple definition of dual registration? Dual registration is simply an individual that is registered with both a registered investment advisor and a broker-dealer. This allows the advisor to maintain a fee- a[...]

In Part I of this series, we discussed the pros and cons of starting a B/D as well as the financial considerations and the FINRA process. Now let’s discuss other considerations such as technology, personnel, auditing a[...]

Having a clearly defined business plan with exhaustive research on the “nuts and bolts” of launching a new firm, including all of the regulatory, legal, and cost issues, is a good starting point.[...]