Business Model for Independent Registered Reps. Regarding the all-important matter of COMPENSATION for brokers… It’s Commission-Based for independent contractors, the self-employed or for employees of their own firms. On the issue of licenses: Series 7, 24, 4 and any other licenses are held at WallStreet*E. Independent Brokers set their own commission schedule and cab obtain a payout as high as 95% . Independent Brokers also have the opportunity to build equity in their business and establish themselves as Registered Investment Advisors. Acting as Brokers and Investment Advisors, they can charge fees on managed assets and commissions on executed transactions.Independent Registered Representatives have ongoing support from WallStreet*E's expert staff, always at the ready to help with every aspect of serving their clients, as they manage and grow their practice.
