The Best Broker-Dealer For You

Posted on October 24th, 2013 at 1:13 PM

From the Desk of Jim Eccleston at Eccleston Law:   

When looking for a broker-dealer, one probably understands that they have thousands of options.  The best option, however, is dependent on the individual business and its goals.  Financial advisers who find the right broker-dealer will see their practice thrive.  This is why it is imperative for financial advisers to understand the broker-dealer field and how to navigate it.

            Alternative investments are a delicate subject, and advisers should be aware of how the broker-dealers they consider handle these matters.  In the past, broker-dealers have gone out of business and faced regulatory violations over their handling of these products.  It should be understood, though, that there are broker-dealers who still provide these products and comply with the regulations.

            Some broker-dealers offer a hybrid platform for advisers.  Hybrid advisers are allowed to act as their own registered investment adviser while still being able to conduct business through the brokerage firm. 

            Broker-dealers who specialize in specific fields, like those in retirement markets, can provide valuable information on changing landscapes.  Retirement specific broker-dealers handle retirement services and are up to date on all the latest news and offerings.  Advisers should be aware of the newest products and regulations as it will help them build their own practice.

            Finding the right broker-dealer is important.  Often, advisers will admit that a bad broker-dealer limited their practice.  With a little effort, advisers can find the right broker-dealer who shares their vision.

The attorneys of Eccleston Law represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston


Return to Archive



Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.


September 26, 2023
Looming Real Estate Crisis Poses Risk to U.S. Banking Sector

With the current downturn in the commercial real estate market, trillions of dollars in loans and investments pose a looming threat to both the banking industry and potentially the broader economy.

September 25, 2023
Legal Challenges Over 'Money-for-Nothing' Payments Gain Momentum

Apollo Global Management and Carlyle Group, two major private equity firms, now face investor lawsuits regarding payments made to insiders without apparent justification.

September 22, 2023
State Regulators Maintain Opposition to FINRA's Remote Supervision Pilot Program

The North American Securities Administrators Association (NASAA) and the Public Investor Advocate Bar Association (PIABA) has consistently opposed the Financial Industry Regulatory Authority's (FINRA) proposal for a voluntary three-year pilot program for remote inspections.