FAQ
why do I need a b/d?
All commission business that involves securities and is not part of an RIA must be paid through a Broker/Dealer (B/D). That includes variable insurance and 'trails' on commissionable products.
how will licensing be handled?
During the registration process we will handle all paperwork necessary for both FINRA examinations and state administrator registration if necessary. Our compliance department will work with you to ensure that all the correct paperwork, licensing, and block transfer requirements are filed correctly and timely.
what type of training is provided?
We provide in-house training for all representatives. This includes training on financial planning strategies, how to process business, and client servicing. Additionally, we made the transition from commission to fee income several years ago and will work with you to help make it a smooth transition for you, too.
are there any specific production quotas?
Our payout rates are very competitive and commisions are paid bi-weekly. When trails are paid to the B/D they will be passed on to you. Please refer to our current fee schedule for an itemized list.
do you provide any marketing support?
Individual training and market planning for your practice is part of our business development plan with you. Remember, we only succeed if you succeed.
Is there any type of support network?
Technical processing 'how-to' questions are handled either here at the home office or at the custodians help desk. Partner Reps in our network share their expertise with other Partner Reps during strategic planning, product, and other support questions.
who is the custodian of client accounts?
[We currently have multiple custodial agreements with the best in the industry.
what type of reporting is available?
Monthly statements go directly to clients from the custodian. Quarterly or On-Demand statements such as asset allocation, performance reporting and account analysis are processed on Centerpiece.
will there be any assistance?
We have extensive experience in several of the areas of financial planning: estate, insurance, tax, and investment planning. Depending on your needs we can either custom design a plan for you to present to your client or, if necessary we will teach you how to successfully complete the financial planning process with the client.
where can I find payout information?
For specific payout information,
PLEASE CONTACT SAM KAYEM at 1.866.GO.BFTFG