Why do broker dealers do not want to be involved in insurance?

I am referring to broker dealers of annuities which has underlying security funds.

Who says they don't?
Different products require different licensing and oversight requirements... if the broker doesnt think it will be profitable to do both they drop one...
It also takes a lot of time to learn multiple products.
however many brokers still offer multiple products..... Is there a specific dealer you are refering to? some brokers are limited by who they work for and must sell proprietary products.

also btw.. annuities are an insurance product..brokers must carry a version of an insurance license to sell them... most variable annuities gaurantee a return of the greater of premium minus withdrawals or current value in the event of death. Thereby having a life insurance component. Some also gaurantee a fixed withdrawal % for your life.

Dont compare their cost to a mutual fund. They offer a lot more that people dont consider or price in... they're not for everyone but they do fit a lot of people...

I am trying to find a broker-dealer for starting a financial planning firm. Does anyone know where I can get a list of available broker-dealers?

Look on the NASD's website. All broker dealers are required to registered with this agency.

Can a financial advisor represent two different broker/dealers at the same time?

I am a securities licensed financial advisor registered with one broker / dealer. A colleague of mine, who is securities licensed, is registered with a different broker dealer. My colleague has asked me to join him on one of his client meetings. I told him that I would try and find out if this is acceptable with FINRA.

It would not be a wise move to join him. The risk of being called out for conflict of interest is high. There is also a possibility of being accused of collusion.

Whether you are innocent or guilty is not the point here - your employer may deem it necessary to terminate you to set an example, to show that they do not tolerate this behavior, and to discourage this type of behavior among its employees.

I hope you decline the offer, unless he is willing to pay you such a huge amount you can quit your job with just this one meeting.

How many individuals trading online totally in US? how many trades per day? How many broker-dealers?

I'm very courious about that How many individuals are there stock trading online totally in US? how many online stock trades are there in average per day? How many broker-dealers are there in US? Where can I see the list of their names? I can't find the latest data released in 2006 or even 2005. That might be some problem with my searching skills. Can anybody help me? How many or at what address can I get the data? Please.

There were 14.3 million online investors at the end of 2000, 17.4 million at the end of 2001 and 20.6 million at the of 2002. With these figures you can calculate your trendline, growing at 125% pace every five years. That would be over 35 million online traders today. The source is a book by David Hallerman.

Can anyone recommend independent broker/dealers that I can security licenses as well as selling good products?

I'm a candidate for CFP and want to be independent from any particular insurance companies or power houses. Can anyone recommend independent broker/dealers?

There are a number of them out there (I work for one myself), but you'd be an independent contractor with little to no financial backing. Our reps pay us a percentage of their income to handle things like compliance, commission tracking, paperwork processing, setting up E&O coverage, etc. Our reps rarely handle accounts with less than a million dollars, though.

Very few brokers can go out on their own without building up a substantial customer base first. Your best bet would probably be to find a successful broker at a small broker/dealer, go to work for him (he'd be your OSJ and get a % of your income), then, when your client base is solid, you can become a satellite office and eventually your own OSJ.

Our firm requires a minimum of $250,000 per year in commissions (we don't count financial planning fees either in our charges or our minimums) so we're not talking small customer accounts.

There are firms out there with less stringent requirements, so you might check around with other brokers and in the trade magaizines to see which firms are looking for what type of brokers.

And no, I'm not naming any firms (including mine) because that would be a no-no.

Good luck in your chosen field.