Part of true independence with Sovereign means that we will continue to offer our advisors more options that fit your business. We believe that regardless of the type of advisor, it's up to us to provide the right infrastructure in order for you to succeed.
When you select the model that best fits your practice, know that whatever path you choose, you can rely on us to deliver flexible, holistic support that works for you today and as your business grows.
A broker-dealer is a firm that processes orders for its clients and for its own benefit. As a result, sometimes the firm acts as a broker. And, other times it acts as a dealer. When a financial advisor, or registered representative, executes a “buy” or “sell” order on behalf of an individual investor, the broker-dealer with whom that advisor is registered will execute the trade in its role as a broker. When the firm itself executes a trade for its own profit, then it is a