I ask this in curiousity: I saw a help wanted ad for a stockbroker and the firm said it had a 50% commission payout. How exactly do commissions work if one was a stockbroker and a client placed a $10,000 order to buy stock and the firm you worked for had a 50% commission payout?
Whatever commission schedule the firm used to charge clients for the trades, you would receive 50% of that. shneed
don't do it! if you are an established broker and/or have the wherewithall to obtain high net worth clients you are better off going independant. if you go with a piker firm you will get robbed! there are back office firms that specifically market to the "independant" broker with payouts as high as 100%. try "on wallstreet" magazine. good luck & best wishes.