Banks and Credit Unions

Successful financial institutions like yours are built on dependable relationships. You work hard to offer comprehensive solutions to your community, and we want to help you strengthen and broaden your offerings. We believe ProEquities is the right broker/dealer for you because we offer a full range of financial services, the very highest level of service, and ample flexibility. We offer customized support and the connections you need to benefit your clients, and we offer flexible business models to help you get the service you need at the commitment level you want.

Business Model Options

At ProEquities, we offer the flexibility of two primary business models to help financial institutions find the solution that best meets the needs of their customers and their business:

Employee Model

If you choose the employee model, the licensed financial services representative is an employee of your financial institution. The representative will be licensed through ProEquities, and the representative will have complete access to all products and services offered to any financial representative licensed through ProEquities. Commissions are paid directly to the financial institution, and the financial representative is compensated at the discretion of the financial institution. The service agreement between the financial institution and ProEquities specifically addresses training and supervision, access to office space, revenue sharing, permitted activities of financial institution employees, compliance responsibilities, and access to nonpublic personal information.

Independent Contractor Model

The independent contractor model is primarily used by institutions that are not prepared to make a full-time commitment to having a financial representative employed by the financial institution. Start-up costs are minimal, and the financial representative will operate as an independent contractor and is not an employee of either the financial institution or ProEquities. The financial institution and independent contractor split a portion of the broker/dealer concession based on a percentage negotiated at the time the agreement is executed. The agreement between the financial institution and ProEquities also addresses the same issues noted above with the employee model agreement.

Support

Your Clients Depend on You. You Can Depend on Us.

Your clients are your number one priority — we take that directive seriously. Giving you the tools, support, and freedom to strengthen the relationships you share with your clients is always our goal. At ProEquities, our objective is to be virtually invisible to your clients while being an indispensable partner to you in creating success for your institution and for your clients.

Going above and beyond is always our goal; we work effectively and efficiently, and we’re always looking for creative approaches and innovative ideas that can help you build your business.

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