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.

Ready to see what we can do for you?

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

We knew we needed help when we found out that our audit was coming up. We’re a small firm and we just didn’t have the bandwidth, so some things were overlooked. A colleague turned us on to CXG, they were there for us every step of the way

VA Broker-Dealer
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