DMG Securities' own website has a link to FINRA (Financial Industry Regulatory Authority), a regulator that oversees DMG and other brokers, which enables people to check on DMG and other brokers. It seems DMG is encouraging people to check on them rather than avoiding it.
Great Falls, VA 22066
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For more information go to www.dmgsecurities.com
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- +1-703-757-9900 +1-703-757-9900
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Dmg & Partners Securities Pte Ltd
DMG is a fully commission based firm. New brokers make a minimum of 45% for the first year, 40% for the following 6 months and can make up to 55% of commissions. They deal exclusively with investments and no insurance, annuities etc. That is a high payout in the industry for an investment firm; don’t compare it to insurance which is a very different industry. While it is a small firm they utilize independent research from top analysts in the country that specialize in individual equities. Everyone in the firm is a broker themselves or in training to be a broker. You will not find inexperienced analysts using trial and error to pick stocks like other small firms. They’ve eliminated the conflicts of interest for their clients with this setup. Dealing with long term portfolios you will not see brokers running around losing their minds like the movies so don’t expect it. Their investments are quite impressive with their individual approach. As a broker you should expect long hours but success is there if you can stick it out. Not everyone is cut out for the business. As a benefit for new brokers you will also increase your payout in the business by bringing in other brokers into the firm. The benefits you’ll see are benefits for your family and friends to invest at reduced cost and very minimal costs to build your own investments. Obviously having a vast knowledge of the markets and excellent analysts allows you to do quite well for your own investments. As you progress into the business you can move up to a registered principal with the firm which has additional benefits as you help to mentor new brokers into the business alongside the firms principals. Generally this step takes several years and requires you to have built your book of business first. Overall it is a great opportunity for the right people; it is a small simple firm that makes great investments and has lots of room to grow. Just make sure you’re ready to spend the time and effort to be successful becaus