An assessment of who will succeed and fail among the independent B/D ranks

By Russ Diachok - President and CEO of Geneos Wealth Management.

ID: 2008-3-39-8326

ƒ ƒ ƒ ƒ ƒ ƒ Capital Markets turned upside down Strong Investment Banks disappeared Federal Reserves nationalized US Financial System Commission Income is down Asset Management Fees are down Company revenues are down .

ƒ Wachovia Now absorbed by Wells Fargo ƒ Chrysler Now merged with Fiat Motors .ƒ Merrill Lynch Now acquired by Bank of America Corp.

ƒ Problem  Winning Clients Trust ƒ Opportunity  Independent Channels (Advisors and B/D) .

the institution is said to be acting as a broker. Mostly work as independent financial service providers . When executing trades for its own account.ƒ ƒ ƒ ƒ A Company or other Organization that trades securities/assets for its own account or on behalf of its customers. the institution is said to be acting as a dealer. When executing on behalf of a customer.

ƒ .ƒ ƒ Need of good financial advice Growing interest from brokers who want to escape Wall Street Firms Regulations may impose burden on capitalrich firms.

ƒ ƒ ƒ Downward adjusts of payout rates Drop in revenue of 20% to 40% 45% registered firms with FINRA are micro .

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