What is a Boutique Broker Dealer?

For advisors to effectively do their job, keep up with innovation and build a successful practice, it is critical that they have the right tools and support, and the right broker-dealer to support them. In the search for the ideal broker-dealer partner, financial advisors should carefully consider what type of affiliation will provide the best fit not only for where their business is presently, but more importantly, where they want their business to go.

Does the potential broker-dealer have the programs and personnel in place to provide the type of support needed? Can the potential broker-dealer provide a better client experience? How will the potential broker-dealer make doing business easier and better? Can the broker-dealer take your practice to the next level?

Joining an independent broker-dealer (IBD) can be financially and personally rewarding, if you choose the right firm. The IBD industry offers financial advisors choices on service models, organizational preferences and compensation structures. However, the real difference between broker-dealers lies in the service and culture.

For many advisors a boutique firm offers: A cultural element that doesn't exist at most other firms. The opportunity to being heard and having direct access to decision makers, resulting in a more personalized service experience.

Summit Brokerage offers a different cultural experience than most other independent broker-dealer firms. The Company differentiates itself by recognizing that servicing clients is the most important thing their financial advisors do, on the other hand servicing the financial advisor is the most important thing a broker-dealer can do.

The firm is managed by former financial advisors who are committed to maintaining a culture of providing the highest standard in personalized service to each of its financial advisors and their clients. That commitment has allowed the firm to twice be ranked as the nation's #1 independent boutique broker-dealer [1], named the #1 Independent Broker Dealer three-times [2], and voted as the Top 15, 25 and 50 independent broker-dealers by industry press [3].

Summit's philosophy remains as it has been from the start: treat its financial advisors as clients and build a firm based on honesty and candor while providing advisors with access to the best products, platforms and services.

At Summit, the goal is to minimize the amount of time advisors and their staff spend on operational issues so they can spend more time growing their business. To join the Summit team, call 800.354.5528 to speak with a Business Development Associate.

[1] Nationally Published Magazine, 2008 & 2009

[2] REP magazine – 2014; Wealthmanagement.com - 2016 & 2018

[3] Investment News, Financial Advisor, Investment Advisor & Financial Planning