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Home > Financial Services > Stock Brokers > W.J. Bonfanti, Inc.
W.J. Bonfanti, Inc.
W.J. Bonfanti, Inc is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
They derive all of its revenues from commissions on transactions executed on behalf of financial institutions and broker-dealers who are their customers. They do not engage in any principal transactions, retail sale of securities, investment banking, or market making activities. This allows them to devote their full resources to servicing their clients. They have a substantial presence providing coverage across the entire NYSE floor with multiple brokers located in the Main Room, Blue Room, New Room, and the Garage.
Their work begins by drawing on the firm's years of extensive trading experience and relationships and applying them to your individual situations and needs. As a client, you receive personal service from at least one of the firm's clerks. In addition, all of the other clerks and brokers will be familiar with your company and its situation, ensuring access to any of their employees when the need arises.
Directed Brokerage or Commission recapture is a process whereby a pension plan typically receives a rebate resulting from transactions incurred by the funds investment managers.
The firm is a party to a clearing agreement with Jefferies & Co., Inc. where they act in the capacity of an introducing broker-dealer. All their trades are cleared on a Fully Disclosed Basis and under their clearing agreement transactions are primarily cleared via the delivery versus payment method with the additional clearing option of flipping your trade to your corresponding broker-dealer.
Their clients have the ability to allocate trades through Oasys, open new accounts via the Alert system, and have them to flip trades when necessary, their clearing agent provides the delivery of cash and securities, issuance of trade confirmations and mailing of monthly statements.
Their in-house operations and compliance department is responsible for performing the required due diligence and processing the new account documentation when beginning a relationship with them. The Company will provide you with a dedicated employee to meet your trade reconciliation and processing needs.
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