| America's first membership broker/dealer... |
| Equitas was founded on the concept that active representatives want to participate in the profits of the firm. With our cooperative membership structure, each representative is rewarded as the firm's profitability rises. Profit sharing is based on patronage. The higher your commission production, the greater your potential share of the profit. |
| Membership is automatic... |
| Once you have joined the firm, membership is automatic. All members participate in profit sharing. Profit sharing is available in any year that the firm meets a published budget, which includes a target return on capital. |
| High payouts... |
| Independent representatives at Equitas receive high commission pay-outs ranging to 87% without product quotas or product minimums. |
| Clearing services... |
| Clearing services are provided by Pershing and Bear, Stearns Securities Corp. Representatives may utilize desktop trading technology including: direct order entry, account inquiry and account review. Your clients enjoy a suite of specialized services including debit and credit cards, checking accounts, telephone account access and dividend reinvestment programs. |
| Brokerage services... |
| Specialized brokerage services include comprehensive cash management accounts combining securities brokerage, checking, money market sweep and margin borrowing. Selected accounts may include MasterCard debit activity through the Pershing ProCash Plus account. Accounts at Pershing may include no-fee checking with ATM access, overdraft protection, VisaGold debit card and touch tone bill paying services. |
| Retirement plans... |
| A full range of retirement accounts are available at either clearing firm or with one of the many mutual fund families on our list. These retirement accounts include IRA’s, SEP’s, 401(k) and 403(b)(7) custodial accounts. |
| Experience internationally... |
| Equitas has experience with accounts for foreign nationals and offshore trust accounts. Bear, Stearns Securities Corp. clears accounts for us worldwide. |
| Advisory business... |
| Investment Adviser Representatives can take advantage of the no-load mutual fund trading account and deep discount trading schedule available at Equitas. In addition, Equitas has set up a Pershing program which provides investment advisory client accounting and quarterly reporting. We also have an investment advisory custody relationship with TD Waterhouse Institutional Services, a division of TD Waterhouse Investor Services, Inc. |
| Production variety... |
| Our product list includes: general securities, load and no-load mutual funds, fixed and variable insurance and a few partnerships. Investment research from Bear, Stearns Securities Corp. is also available at no cost. |
| Securities experience... |
| Equitas officers are founding members with long experience in securities administration, operations and compliance. Each has held senior positions at large national broker/dealers. |
| OSJ recruiting... |
| Representatives with experience should consider recruiting additional representatives to their office. The pay-out schedule would include an additional 3-5% for supervision of other representatives dependent upon production. |