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Forsyth Securities Inc.



Forsyth Securities Inc.is a member of NASD, the National Association of Securities Dealer. 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.




 


The Company is fully disclosed NASD broker dealer and is registered in 21 states representing about 70 percent of America's population. In addition, Forsyth is registered in Missouri and Illinois as an insurance agency, and as a registered investment advisor in Missouri. Because of its registrations and clearing relationships Forsyth is able to do business in the following areas: corporate bonds, stock, muni bonds, government bonds, mutual funds, managed money, variable annuities, regular life insurance, direct participation programs, etc. Both agency and principal transactions are executed. Forsyth has access to its clearing firms' bond inventories.



 


Forsyth divides business into cleared or transactional business and packaged product business. In the first category are such trades as listed stock, OTC stock, options, corporate bonds, municipal bonds, etc. In the second category are such items as mutual funds, variable annuities, direct participation units, money manager fees, etc. In addition to the very broad array of products offered through its clearing relationships, Forsyth offers direct purchase of mutual funds, fixed annuities, variable annuities, life insurance, and direct participation investments.



 


Forsyth refers to this as gross less clearing. Clearing fees vary on each trade but are generally in the $20 to $25 range. On all business payouts are figured on the dollars that actually come to Forsyth. If there is a clearing fee charged by the clearing firm on a trade, that clearing fee is deducted before the payout is calculated.



 


On cleared or transactional business, brokers who are either full or part time employees get 55 percent of the gross less clearing amount. Brokers who are outside contractors, paid on a 1099 tax advice, get 72 percent of gross less clearing. Forsyth brokers are not required to sell certain products or to meet certain production quotas. Obviously a broker can not hold uppermost the needs of his clients while worrying about quotas or the sale of particular products. The implementation of this philosophy means that Forsyth's office environment is low keyed, respectful of clients, mutually helpful, and interested in acquiring product knowledge.



 



 



 



 




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