Starting a New Broker Dealer?

Start A Broker Dealer

Starting your own broker-dealer can save quite a bit of capital. If your firm is scaled to start a broker dealer, instead of buying a broker dealer, our team at CXG can successfully guide you through the process and to the finish line. Our experience with all broker-dealer license types gives our partners an advantage that translates to less hassle and shorter approvals.

Starting a Brokerage Firm? – We Can Help!

CXG can start a broker dealer for you under any type of license, whether you need approval for equities, M&A, private placements, mutual funds, VLA or money management – we can get you there.

To Start A Broker Dealer, Our Services Include:

  • Initial consultation
  • Assign principal registrations and executive positions
  • CRD and Form NMA process
  • Prepare and submit Form BD
  • Provide you with Outsourced principals (if required)
  • Corporate structure documentation
  • Capital funding and accounting systems
  • Business plan
  • Filling out and submitting of Form U4’s
  • Written Supervisory Procedures
  • State registration assessment and application
  • Fidelity bond application
  • Anti-Money Laundering Compliance Program
  • Customer Identification Program
  • Clearing firm selection, and document review
  • Internal processes, procedures, and documents (such as new account docs)
  • Business Continuity Plan
  • Lost and Stolen Securities Program registration
  • Follow up and liaison with FINRA, to streamline the process
  • FINRA membership interview preparation

Contact us today to learn more about starting your own broker dealer and how CXG can make the process smoother, faster, and successful.

Ready to see what we can do for you?

Speak with one of our Principals and discuss how we can help your business.

We needed an additional 24 to meet FINRA expansion requirements – CXG really came through for us. Very professional staff and they saved us a bundle in operating costs by setting us up with one of their licensed principals.

NY Broker-Dealer
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