Start a Broker Dealer

Starting your own broker-dealer can save quite a bit of capital. If you firm is scaled to start a new BD, instead of buying one, 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.

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. Our services to start a broker-dealer 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
• Prepare and submit 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 a broker-dealer and how CXG can make the process smoother, faster, and successful.