Broker Dealer Change Specializes in Placing Financial Advisors

with Top Independent Broker Dealers Nationwide

Independent Broker Dealers, Broker Dealer Change, Selective Placement of Financial Advisors with Broker Dealers Nationwide

Top Independent Broker Dealers

Broker Dealer Change is a nationwide, financial advisor recruiting firm. We specialize in placing financial advisors with top independent broker dealers. With our vast network of Independent Broker Dealers we are able to assist our clients regionally and nationally. We work with our clients, through each step of the process to insure they find the best Broker Dealer for their needs.

Independent Broker Dealers, Find best Broker Dealer, Financial Advisors

Placement of Financial Advisors

Broker Dealer Change was founded for the financial advisor considering changing their Broker Dealer firm. As the financial advisor’s “agent,” we help them find top Independent Broker Dealers to best meet their professional criteria. With over 25 years of industry experience, we are able to help them analyze the best Independent Broker Dealers for their practice.

Independent Broker Dealers, Broker Dealer Change works with many Broker Dealers Nationwide

Contact Us Today!

The Independent Broker Dealers we represent pay our fee, so contact us for a complimentary consultation. Contact Broker Dealer Change today to schedule personalized consultation.

Contact Broker Dealer Change


Personalized Approach

From our nationwide network, we will help you find the best Independent Broker Dealers to match your the needs of your practice. We use a comprehensive consulting approach  designed to search for the best Broker Dealer firm to match the needs of your practice. Broker Dealer Change helps Financial Advisors analyze all of the options and questions involved in switching Broker Dealer firms. We have been working with and developing relationships with regional and national Independent Broker Dealers for over 25 years. We understand the industry’s clearing platforms, product offerings including each firm’s core philosophy, to identify and find the best Independent Broker Dealers to suit your needs and preferences. Read more »

We Work With You Every Step of the Way

At Broker Dealer Change, we will work with you every step of the way as your “agent” to work through the firm information, schedule calls and meetings, and provide advice on which offers may be more attractive. Read more »

Ensure a Smooth Transition

Once the decision is made on which Broker Dealer firm to go with, we get you engaged with that firm’s transition team, to ensure a smooth transition. Our goal is to make this transition as smooth as possible. In some cases, the Broker Dealer will place people in your office to assist you in moving your client accounts. Read more »

Broker Dealers, Independent Broker Dealers, Financial Advisor Placement Services


Corporation Imminent?

Is Acquisition of National Holdings Corporation Imminent?

Bruce Kelly recently reported in Investment News: “Yet another publicly traded independent broker dealer has recently seen an enormous increase in the trading of its shares and heady gains for the year in its stock price, leading some industry observers to wonder if another acquisition is imminent. He writes, “National Holdings Corporation (NHLD), the parent of two independent broker dealers, saw more than 3 million shares traded November 27, at a range of 48 cents a share to 60 cents a share. It ended the day at 54 cents a share.The average three-month daily volume of the microcap company’s stock is 29,277 shares . . .” Read more »

National Planning Corporation...

National Planning Corporation, Slammed with $6.2M Arbitration Award

Bruce Kelly reported in Investment News: “National Planning Corporation, a leading independent broker dealer, was ordered to pay a $6.2 million arbitration award to two Minnesota investors in a dispute that focused on real estate investments. The investors in the matter, Ronnie and Stacy Erickson and various trusts on their behalf, alleged that National Planning Corporation and a former broker, Christopher R. Olson, breached their fiduciary duty, were negligent, made misrepresentations and violated other industry rules, according to the award, which was issued Nov. 18 by a three-person Financial Industry Regulatory Authority Inc. dispute resolution panel.” Read more »

Financial Services Institute...

Financial Services Institute, adds two Independent Broker Dealers, Executives to Board

Trevor Hunnicutt reported in Investment News: “Scott Curtis was among two new directors named to the Financial Services Institute’s board.One of the biggest cheerleaders for independent broker dealers in Washington is adding two senior executives from the industry to its board. He states that “Starting January 1, 2014, the Financial Services Institute’s 16-member board will include Scott Curtis, president of Raymond James Financial Services Inc., and Amy Webber, president of Cambridge Investment Research Inc., the advocacy group said in a statement Thursday.” Read more »

LPL Financial is hiking...

LPL Financial is hiking the cost of E&O insurance per rep by $200 in 2014

Bruce Kelly recently reported in Investment News: “Rounding out a series of fee increase announcements, LPL Financial LLC has informed its registered representatives and financial advisers that it is increasing the cost of errors and omissions insurance per rep next year by $200, for an annual charge of $3,200, according to two LPL advisers. Managers of large offices known as offices of supervisory jurisdiction also face a new fee. Next year, larger OSJs will pay $500 per branch for the LPL home office to perform mandatory audits of each branch operating under that manager.” Read more »

Is Investors Capital in play?

Is Investors Capital in play?

Bruce Kelly for Investment News reports: “Heavy trading and a run-up in the share price of Investors Capital Holdings Ltd., the parent company of independent broker-dealer Investors Capital Corp., is fueling speculation that the firm has become an acquisition target. Last Thursday saw an intense spike in its trading volume, with 434,100 shares changing hands and the price of the stock briefly reaching $8.90 per share, its 52-week high.” Read more »

Broker Dealers Reining...

Broker Dealers Reining in Sales of Alternatives

Bruce Kelly for Investment News reports: “Amid increasing pressure from regulators, broker-dealers are making changes to how they sell alternative investments. VSR Financial Services Inc., Berthel Fisher & Co. Financial Services Inc. and the Cetera Financial Group Inc., which has four independent-contractor broker-dealers under its umbrella, this year have revised policies or added new guidelines and procedures for the sale of certain alternatives, such as non-traded real estate investment trusts. In some cases, the moves could decrease the amount of alternative securities a client can hold in their accounts..” Read more »

Independent Broker Dealers…

Independent Broker Dealers: A Sound Choice for the Financial Advisor

The broker dealer consolidation continues with Charles Schwab, the owner of Brokersxpress, disbanding them by Mid August, 2012.

There has been much noise around Independent Broker Dealers. The Small Independent Broker Dealers, who have less than 500 advisors, have received much of the negative press. Some Small Independent Broker Dealers shut down in 2011 and 2012 resulting from the sale of private placements, REITs, and TICs that had gone south: Medical Capital, Provident Royalties, and DBSI, Inc. created sanctions and fines causing about 50 Independent Broker Dealers to go out of business as reported by the Investment News. This has caused financial advisors to become especially wary of all of the Independent Broker Dealers, especially the Small Independent Broker Dealers, as the public has “thrown the baby out with the bathwater.” We recently spoke to a team of advisors who decided to put their move to an independent broker dealer on hold, due to the recent “stability “concerns they had heard about smaller broker dealers.

The broker dealer consolidation continues with Charles Schwab, the owner of Brokersxpress, disbanding them by Mid August, 2012.

The Truth Behind the Numbers

The decrease in number of Independent Broker Dealers follows suit with the decrease in the number of financial advisors. There were 79,802 independent financial advisors in 2011, down almost 14% from 92,727 in 2010. If you count dually registered advisors then the decrease is only 11% from 2010 to 2011. This compares to all financial advisors that decreased from… Read more »


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