Foreside can maintain a private-label broker-dealer on behalf of your firm, allowing you to focus on your core business. Foreside’s private label broker-dealer offering provides an opportunity for firms to have Foreside own and manage a broker-dealer branded by you and dedicated solely to you as the client. By outsourcing all broker-dealer functions in a cost-effective manner, you are able to leverage Foreside’s best practices. Foreside will:
- Implement and oversee all written supervisory procedures of the broker-dealer
- Provide all broker-dealer officers, including a President, Financial Operations Principal (FINOP) and CCO
- Respond to all audits of the broker-dealer by the SEC, FINRA, and state securities regulators
- Maintain broker-dealer registrations in all jurisdictions
- Prepare all periodic filings and reports to FINRA
- Maintain all applicable broker-dealer books and records
