FINRA Broker Dealer For Sale (California)

Reply to: fmr33-3581386177@job.craigslist.org [?]

flag [?] : miscategorized prohibited spam best of Posted: 2013-01-29, 11:53PM PST

FINRA Broker/Dealer Plus Mutual Funds Customer Accounts For Sale.

Opportunity to own and operate a FINRA Broker Dealer. Pension Service Associates Securities Corporation (PSAS) is for sale for $42,500. PSAS (CRD 29919) is a registered BD Broker Dealer California s-corporation, and was established 20 years ago. PSAS, a FINRA and NASD Member since 1992, is COMPLETELY CLEAN, with a pristine 20-year track record of no customer complaints. PSAS is a registered BD, approved for Broker Dealer selling of mutual funds and variable annuities. Firm's lines of business can easily be expanded to include private placements. Firm has one principal, and has a $5K net capital requirement. Firm files quarterly FOCUS reports and has annual certified audits performed each year by a FINRA-approved CPA.

Transaction includes approximately $4 million in mutual fund IRA Rollover and SEP IRA assets. These mutual fund assets generate approximately $10,000 annually in 12-B1 trailers. Average age of these mutual fund retirement accounts is approximately 12 years, and includes funds with John Hancock, MFS, Putnam, Evergreen, Black Rock, Eaton Vance and others. PSAS has approximately 100 clients, who have all been with PSAS for a minimum of 12 years. Of these 100 clients, approximately 20% are located in California, 10% in New York, and the others located in various other states. A comprehensive due diligence pack has already been prepared with 10-years of filing, tax returns and certified audits for buyer's review, in addition to pertinent details about the BD and proof of assets.

Only persons who will be approved by FINRA for BD ownership can be considered for this offer. Buyer must hold Series 7 and Series 24 licenses and have no compliance problems and a current FINRA CRD number. For more information please contact PSAS by email to:
James Gilbert jgilbert@401k-network.com Hiring Organization: Pension Service Associates Securities Corp.
Location: CaliforniaPrincipals only. Recruiters, please don't contact this job poster.Please, no phone calls about this job!Please do not contact job poster about other services, products or commercial interests.Posting ID: 3581386177

Posted: 2013-01-29, 11:53PM PST

Edited: 2013-01-29, 11:53PM PST

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