Chii Chinonzi Broker-Dealer?

Chirongwa cheKubhadhara Broker-Vatengesi veNew Investors

MuUnited States, izwi rokuti "mutengesi-mutengesi" rinoreva munhu wepanyama (munhu mumwechete) kana musimboti (kubatana kukuru, kushamwaridzana kwekambani , kambani ine chikwereti , corporation, kana chimwe chikamu) chiri mubhizinesi rekutenga uye kutengesa zvikwereti. Mumwe mutengesi-mutengesi anotora bhizinesi rokutenga nekutengesa zvigaro nekuzadza rimwe remabasa maviri mune mutengesi:

1. Mune mamiriro ekutanga, mutengesi-mutengesi anoshanda mune rimwe sangano rehurumende semutengi. Izvi zvinoreva kuti mutengesi-mutengesi anobatsira mutengi kutenga kana kutengesa kuchengeteka kana kuchengetedzwa kwekuita nekuita chiito chakakosha kuti tibatsire kutengeserana. Mutengesi-mutengesi haavi neavo, iye, kana mari yake pangozi uye ari kungoedza kuenzanisa mutengi uye mutengesi nevamwe vatengesi-vatengesi kana nenzira imwe neimwe nzira imwecheteyo iyo real estate broker inogona kubatsira mutengi kutenga kana kutengesa imba. Mukutsinhanisa basa iri, mutengesi-mutengesi ari kubhadhara komisheni.

1. Muchiitiko chechipiri, mutengesi-mutengesi anoita semutengesi nekuve mumwe wevakuru vekutengesa. Izvi zvinoreva kuti mutengesi-mutengesi ari kune rumwe rutivi rwekutengesa uye ari kutenga kana kutengesa kuchengeteka kubva kune mutengi. Paanoita semukuru, mutengesi-mutengesi anofanira kuzivisa, mukunyora, kuti iye, iye, kana ari kuita semutengesi uye anotsanangura zvikwereti zvose uye kubhadhara. Semuenzaniso, mutengesi-mutengesi angave akave nenhamba yezvisungo zvemasimende zvaakawana kune vatengi vaida kutengesa pane imwe nguva munguva yakapfuura. Mutengesi-mutengesi achaisa chibvumirano chacho uye achawana kupararira pakati pezvaari, iye, kana kuti yakabhadhara chikwereti uye icho iye, iye, kana icho chinotengesa mutengi uyo pakupedzisira anouya ndokusarudza kutenga bhandi. Imwe muenzaniso wakaisvonaka wevatengesi-vatengesi vanoita sevatengesi, kana vatungamiri, mutengi wemisika. Kuti uwane mamwe mashoko pamusoro pevanoita mutengesi, verenga Chii MuMusika uye Vanoita Sei Mari? kudzidza kuti basa iri rinowedzera sei kumusika, zvichibatsira vose vanotenga nevatengesi.

Vatengesi-vatengesi vanoteererwa mutemo mukuru. Zvechokwadi, iwe unogona kunzwa mutengesi-mutengesi anonzi "anonyorwa ari mutengesi-mutengesi" nekuda kwekudiwa kwekuti munhu akadaro kana bhizinesi rebhizimisi nehurumende dzakakodzera uye / kana hurumende dzehurumende; chirevo chakabuda muChitsa che15 cheSturities Exchange Act muna 1934 mushure mokuchinja kwezvinhu zvakabuda mushure mekuparadzwa kwe 1929-1933 kwezvose zviri mumari uye misika huru.

Semuenzaniso, vatengesi-vatengesi vanorambidzwa kubhadhara zvose mapeji uye markup pamutambo iwoyo. Iko ndiko kuti, chero basa ripi zvaro rakapiwa, vanogona kuita kana vari mukana wavo sevatengesi (sangano) kana mutengesi (mukuru) asi kwete zvose.

Nzira Yokuva Mutengesi-Mutengesi

Iko matanho chaiwo anobatanidzwa nekutanga mutengesi-mutengesi anonyanya kukwana kuvhara pano asi pfupiso, chidimbu chechidimbu chakakwanira chimiro chinotevera. Kutanga, iwe unofanirwa kugadzirisa iwe pachako iwe pachako sezvo iwe usingadi kuda kushanda sekutengeserana kwega kwega nekuda kwebasa risingagumi raizokuzarura iwe. Izvi zvinoreva kuva nebhizimisi rakarongeka, zvichida sekambani ine chikwereti chekodzero kunze kwekuti iwe une chimwe chikonzero chinokumanikidza kushandisa imwe sangano rezvemitemo, kuwana bhizinesi rebhizimisi, kuvhura mabhangi ebhengi nekubhadhara iyo maakaiti nekutanga kupiwa mari, kunyora nekuisaina kushanda chibvumirano , kuisa yako accounting accounting, uye mabasa akawanda anotevera sekuita basa.

Zvadaro, iwe unoda kuve nechokwadi kuti unosangana nemitemo yepamutemo inotarisirwa kune mutengesi-mutengesi, izvo zvichatsauka zvichienderana nehuwandu hwekusimudzira kwako. Kana iwe uri kungoita chimwe chinhu muhutano hwehurumende, unoda kusvika kune imwe nzvimbo pakati pe $ 50,000 uye $ 100,000.

Kana iwe mutengesi-mutengesi achizoitawo muhutano hukuru, iwe unoda kuuya ne $ 100,000 kusvika $ 150,000. Nezvo zvikwereti, iwe unoda kuwana kodzero neFINRA kuitira kuti iwe ugone kusimbisa iwe mumasangano eWARD neCRD. Nenzira idzi, iwe uchaisa Fomu BD kune miviri inotungamirira inoshanda. Kana ukabvumirwa, iwe unoda kuva nhengo yeSRO, iyo iri pfupi kune sangano rekutonga. Iwe unoda kuti iwe usimbise uve nhengo yeChivimbiso Chekuchengetedzwa Kwekuchengetedzwa Kwekuchengetedza, iyo inopa SIPC inshuwarisi kune vatengi vanobata nekambani yavo yekutengesa nebhizimisi renyu idzva . Iwe unenge uchida kuva munyori wemumiririri-mutengesi akanyoresa (kunyange kana iwe uri wekwereti-mutengesi wekambani, iwe unotofanira kuva mutengesi-mutengesi wemumiriri wekambani), iyo inoda kupfuudza imwe kana kupfuura miedzo yekutonga yakafanana iyo Nyaya 7 iyo inotora maawa matanhatu inofukidza mibvunzo yakasiyana-siyana pamusoro pekutengeserana kwekutengeserana nezvimwe nyaya.

Nyaya yacho yakakwana. Unoda anti-money laundering system munzvimbo. Iwe unoda zvibvumirano nevanosunungura vashandi. Kana iwe uchida kutora magetsi kubva ku FINRA kune wako mutengesi-mutengesi wako, unofanirwa kupfuudza nhungamidzo 63, uwane zvinyorwa zvigunwe, uye unofanira kuchengetedza vanhu vanoverengeka kune vashandi vane mabasa akasiyana uye vane zvikamu zvakasiyana zvezviitiko. Unofanirwa kutaura, kuzarura iwe pachako iwe wakanyoresa-broker haisi chimwe chinhu chaunoita pane imwe nguva.

Mutongi Mukuru Mukuru-Vatengesi muUnited States

Maererano neInvestment News, vatengesi makumi maviri nevashanu vanozvimiririra vatengesi muUnited States vanoita mari inodarika madhora mabhiriyoni makumi maviri nemakumi maviri emari yakabatanidzwa gore negore. Imwe huru, kambani inonzi LPL Financial, inoita mari inosvika $ 4.3 mabhiriyoni mumari, iyo inotevera yakakura yakazvimiririra mutengesi-mutengesi, Ameriprise Financial, inogadzira zvinodarika madhora 3.7 mabhiriyoni, uye chechitatu chikuru, Raymond James Financial, inogadzira zvinopfuura $ 1.5 biliyoni.

Vamwe vatengesi-vatengesi vanosanganisira ma giants; mazita emhuri anogara ari chikamu chekugadzirisa zvemari zvakadai sewavatengesi-vatengesi vemagetsi emagetsi emari akadai saCharles Schwab & Company, TD Ameritrade, Fidelity Investments, Scottrade, uye Interactive Brokers, kungoti vashoma. Charles Schwab & Company, kuti ataure mufananidzo mumwe chete, ane madhora 2,5 triliyoni muzvinhu zvevashandi vakachengetwa musungwa. Kutendeseka hakusi kure nevanopfuura $ 1.5 triliyoni muvashandi vese vanochengetwa musungwa. Makambani akafanana naCharles Schwab anewo mabhengi uye mamwe mabhizinesi kuti avabatsire kupa basa rose-rinobatanidza kuita-ivo-iwe pachavo vatengesi.

Kunzwisisa Kusiyanisa Pakati peBrker-Dealer uye Muteresi Wekubhadhara Mari

Kunyanya kutaura, kunze kwekwereti-mutengesi, imwe iyo huru yakarongwa yekunyora kune munhu wepanyama (munhu mumwechete) kana yakasimba (kubatana kukuru, kubatana kwekambani, kambani ine chikwereti chekambani, corporation, kana chimwe chikamu) chinoshandiswa mubhizimusi rekuchengetedza chimwe chinhu chinonzi Registered Investment Advisor . Kunyange zvazvo vatengesi-vatengesi vaifanira kubhadharwa vachitsvaga Securities Exchange Act muna 1934, Registered Investment Advisors, kana RIAs sezvavanowanzonzi, dzimwe nguva vakapinda mufomu yavo yezvino nekupfuura kweVa Investment Advisers Act muna 1940. Kunyange zvazvo vamwe vanhu dzimwe nguva inokanganisa vatengesi-vatengesi uye Registered Investment Advisors, ivo zvinhu zvakasiyana zvikuru. (Zvakakosha kuziva kuti izwi rokuti "inyoresa" mu Registered Investment Advisor harisi zita kana kuti rinomiririra chero ruzivo rwehutano, unyanzvi, kana unyanzvi. kuti uite mubhizinesi.)

Chokutanga, vatengesi-vatengesi vakasungwa nehutsika hwepamusoro hwekuzvibata kune vatengi vavo, vanoda kururamisa hutano hunobva pane chimwe chinhu chinozivikanwa sekanaka. Ndiko kuti, mutengesi-mutengesi anongoda chete kuratidza kuti kuchengetedzwa kunoridzirwa kune mutengi kwaive kwakakodzera nenzira yakazara yeyo mutengi; somuenzaniso, mumiririri wevatengesi-mutengesi akanga asina murikadzi ane makore 93 akatengesa zvose zvisungo zvake kuti aise mari yezvinhu zvose muchitsinhanisi chekutsinhanisa chekutengesa mari sezvo izvo zvingave zvakajeka zvisina kunaka. Kuvhiringidzika kweiyo mitemo ndeyokuti inobvumira vatengesi-vatengesi kusundira zvinhu zvemari nemabasa avo ari mune zvido zvavo zvemari, kwete kufarira komutengi, kusanganisira kuva nemutengi kutenga mutoro zvishoma-kupfuura-yakanaka-kune-mutengi -mamiriro ezvinhu pamwe chete , mamwe anotakura kutengesa mitengo ye575%. Izvozvi mari inowirirana inowanzova nehuwandu hwemari , pamwe chete. Dhipatimendi reBashandi rakasarudza kutora chiyero ichi, kunyanya sezvazvaiva nekambani dzekubhadhara mari, uye yakapfuudza mutemo wakanga watopikiswa zvikuru. Uyu mutemo mutsva unoda kuti vatengesi-vatengesi vashandise kambani yekurega mari, yakadai seRoth IRA , kuti ive sangano rakagadziriswa nehutano hwetsika .

Imwe fiduciary yakawanda zvikuru nokuti inomiririra zvakakosha kune mumwe munhu anogona kukwereta mumwe munhu pasi pemutemo weAmerica. Mumwe munhu anoita sefiduciary anofanira kuita zvakanakisisa kune munhu waanomiririra kana kushumira. Kurwisana kwekufarira kunofanira kuziviswa. Miitiro yekufambisa inofanira kuva isina kunaka. Zano rekutsvaga mari inopiwa rinofanira kunge risina kukodzera; somuenzaniso, iwe unenge uine nguva yakaoma kutsanangura iwe kana iwe waive nekweretesa inowedzera muhomwe yaive yakapa iyo chaiyo iyo inobata maitiro asi iyo yaive yakawanda kakawanda inodhura kana iwe uri mutendi. Iko fiduciary standard inotyisa zvakadai sokuti pane zviitiko izvo mubereki ane zvipo mari yemwana kuburikidza neATMA yekodhi - rudzi rwezita rinotungamirirwa neUchifananidza Kuendesa kuChidiki Chechimiro chechimwe chinopiwa umo munodzivirira, kazhinji uyo anopa chipo, anopa pfuma, yakadai sematokari mune rekwereti yekwereti, kumwana muduku ari pasi pebasa rekuchengetedza kusvikira mwana muduku achizosvika pakukura, kazhinji 21 asi nedzimwe nyika dzichigadzirisa mukana wekuzvisarudzira zvakasvika 25 - uye akashandisa mari kubhadharira chirwere chemwana chinotarisirwa chete kuti dare riraire kuti mubereki anofanira kubhadhara mari yose zvakare nechinangwa .

Mumakore achangobva kupfuura, vamwe vakanyoresa Investment Advisors vakatora basa rekutenderera kunyanya nekuzvizivisa ivo kuti "mari chete". Imwe yega-Inonzi Registered Investment Advisor inotsvaga mamwe marudzi ezvinyorwa zvekubhadhara uye inogadzira iyo chete inowanikwa yemari kubva pamari, kazhinji se peresheni yezvinhu zviri pasi pekutarisira kwechinhu chakafanana nekambani yakagadzirirwa , yakabhadharwa nekambani zvakananga nemutengi. Iyo nharo inofamba inoreva kuti izvi zvinonyanya kuderedza kukakavara kwechido pakati pekambani uye muteresi nokuti firistiro haifaniri kuva nemari yekukurudzira kunze kwekubatsira mutengi kuti akure upfumi hwake semari yakawanda mutengi ari pasi pevatariri, mari yakawanda iyo inobhadharwa. Sezvandakatsanangura mune imwe nyaya inonzi Asset Management Companies yeVatangi , izvi zvinowanzova zvakajairika pakati pekambani dzinotarisana nekodzero uye yepamusoro mumambure inokosha sezvo zvingave zvakaoma kushanda mabhuku mashomanana nenzira inonzwisisika mune zvehupfumi.

Chii Chinonzi Dare-Registered Broker-Dealer?

Mumwe munhu anonyorwa ari mutengesi-mutengesi ari munhu wepanyama (munhu mumwechete) kana musimboti (kubatana kukuru, kubatana kwakabatana, kukwana mumiririri wekambani, corporation, kana chimwe chikamu) iyo inyoresa zvose semutengesi-mutengesi uye seReregistered Investment Advisor. Pasinei nekududzirwa kwekuwedzera, kubhadhara kweviri kunogona kuva kwakaoma nokuti zvinogona kuva zvakaoma kune mutengi kana kuti mutengi kuti aparadzanise mupfungwa yake simba raanoita nemumiririri chero nguva. Makambani anowira munharaunda iyi dzimwe nguva anonzi "hybrid" mazano. Zvechokwadi, mumiririri uyo muchengeti anoshanda anoshandura pakati pechigadziko zviviri, achifunga kana iye anenge achida kuita sendipi, achiita nenzira inonyanya kufarira mutengi, kana mutengesi-mutengesi, iyo inomubvumira kuti awane mari kuburikidza nokutengesa mutengi wezvigadzirwa zvemari zvinogadzirisa kukodzera. Vatongi vanoratidzika sevakanyatsotarisisa sezvo nhamba yevanamati-vatengesi-vatengesi vanyoresa-vatengesi vakawedzera mumakore achangopfuura pasinei nokuti vari izvo zvisiri izvo zvishoma nezvishoma zvikamu zvishoma zvemashandisirwo emari mashizha. Kuti iise pfungwa yakanakisisa pamusoro payo, Wall Street Journal yakabudisa nyaya musi waMarch 26, 2015 inonzi Dual Registered Investment Advisers Bhura Broker-Fiduciary Line naMattias Rieker uyo akati, "Nhamba yevadzidzisi vaviri vakanyoreswa inoramba iri duku asi yakawedzera 50% pakati pe2008 na2013, kune vanopfuura 24,000 kubva kune vashandi vezano vese vanopfuura 285 000 maererano nedzimwe tsvakurudzo yekuongorora yakaitwa Cerulli. "

Chii Chinofanira Kuwanikwa Nomutengi Atsvaga muDhipatimendi-Mutengesi?

Kana uri kufunga nezvekushanda nevatengesi-mutengesi, kune zvinhu zvishoma zvaunofanira kufunga kunze kwezvinhu zvakajeka zvakadai sesimba rezvemari uye kutonga kwakanaka nezvimwe zvikwangwani.

1. Ko mutengesi-mutengesi kana mutengesi-mutengesi ane nhoroondo yezvakaipa, nhoroondo yezvimhosva zvekusazvibata, kana zvimwe zvimwe zvinhu zvaunofanira kuziva? Kuti uwane mhinduro, shandisa FINRA BrokerCheck system kuti uongorore zvikwangwani zvakapihwa kune mutengesi-mutengesi uri kufunga kuisa mari yako.
2. Uri wakanaka here? Teerera kumatope ako uye, kukwereta pfungwa kubva kune anonyanya kukosha mari, ingoshanda neumwe munhu waunoda ", anoyemura, uye anovimba". Kana izvo zvakadaro, inzwi duku mukati mushure memusoro wako kana mwoyo uri kukuudza kuti uende, usazvicherechedza. Iwe unogona kugara uchiwana mutengesi-mutengesi. Iwe haufaniri kushanda nemumwe munhu kunyanya, kana kunyange imwe firimu. Usambokanganwa kuti ndiyo mari yako.
3. Mutengi-mutengesi anomiririra anoteerera iwe here? Anonzwisisa here mamiriro ako, zvaunoda, mamiriro, zvinoda, zvaunofarira, uye zvinokosha?
4. Ndizvo zvinyorwa zvekuzarura zvakajeka here? Iwe unonzwisisa here zvauchave uchiwana uye chii chauchazobhadhara?