Securities brokerage firm
This is America, the most entrepreneurial and opportunity oriented country in the world. This is the Stock Market, the most entrepreneurial and opportunity oriented business in the world. I want to attract confident, entrepreneurial, opportunity oriented individuals who want to be the best brokers and I want to pay them as much as possible.
There were many, from my parents, teachers, industry colleagues, but probably the most impactful influences came from my coaches. My college coach was an American Record holder and three-time Olympian. They helped develop my work ethic and competitive, never quit attitude.
They showed me how to work towards long-term goals while dealing with setbacks and successes along the way. The talents my elite coaches helped me develop have served me well in business. I am excited to see that elite mentality continuing with my son, Jim III, who is coordinating our new broker mentoring program. Jim competed at a high level both nationally and internationally. When he was younger, he was on a national championship team and was a collegiate Academic All-American.
The leadership is in place to continue to cultivate that competitive, never give up, strive to be the best attitude well into the future. Currently, we are a small, one office firm looking to grow.
We have management opportunities at the home office and are eager to have the opportunity to open other branch offices. Our plan is to have future branch offices staffed internally. This will provide upward mobility opportunities for DMG associates. What is the risk of pursuing a career in the securities business?
The same risk that you have in any business, you may fail. But, if you succeed the rewards can be phenomenal. Individuals spend 4 years and hundreds of thousands of dollars for a college education without any guarantee of even a modestly rewarding job. Why settle for less?
Even if you do fail, the experience you gain while spending time in this business will benefit you enormously, both personally and in other careers. But, if you succeed, the rewards can be enormous. In my opinion, the risk is minimal, but the reward is great.
In all of my years of experience, the opportunity has never been better. First of all, you need honesty and integrity. We buy and sell for our customers based on conversations, no written contract, just the honesty and integrity of spoken words. I have people that I have trusted for 40 years. If you lie to get one thing, you will lie to get other things, you will lie to clients. But, they would not have been in that predicament in the first place if they had honesty and integrity.
It seems that every few weeks you hear reports of either individual identities or company customer lists being hacked and stolen. We made a decision from the very start to do our best to protect our clients and it was absolutely the right decision. We do not do online business or communicate with our customers online.
To my knowledge, DMG has never recommended a single penny stock to a customer. What have you enjoyed most about your conversations with the candidates you have interviewed? I have found that it is important to get the facts out about DMG because I have learned that there is some false and misleading information on the Internet.
It has given me a chance to set the record straight on our outstanding brokers and firm. ORG, a securities regulatory website, which allows you to check the history of any individual or firm in the industry. I challenge you to find a firm that does the type of business we do that has a better regulatory record than DMG. I challenge you to find a firm that has brokers that have a better regulatory record than the brokers at DMG since I bought the firm in I challenge you to find an owner of a firm that has been in the securities business for over 40 years, in the high profile positions I have held, that has a better regulatory record than I do.
If you look at the facts, I think DMG compares favorably with anyone. Retrieved 10 October British Columbia Securities Commission. Thomas Smith 6 March Regulation of Investment Companies. Lexis Nexis Matthew Bender. Retrieved from " https: Brokerage firms Financial services. Views Read Edit View history. These broker-dealers may be compensated in numerous ways and, like all broker-dealers in the United States, are subject to compliance with requirements of the US Securities and Exchange Commission and one or more self-regulatory organizations , such as the Financial Industry Regulatory Authority FINRA.
The forms of compensation may be sales loads from investors, or Rule 12b-1 fees or servicing fees paid by the mutual funds. From Wikipedia, the free encyclopedia. Comparison of online brokerages in the United States. Retrieved 10 October British Columbia Securities Commission. Thomas Smith 6 March Regulation of Investment Companies.