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Independent broker-dealer MoneyBlock reports strong growth heading into 3rd quarter recruiting season
  • USA - English


News provided by

MoneyBlock

Jul 14, 2015, 10:00 ET

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Chicago, Illinois (PRWEB) July 14, 2015 -- Following a strong recruitment performance for the first half of 2015, MoneyBlock, an independent broker-dealer supporting independent registered representatives and registered investment advisors and their clients, reports continued growth entering the 3rd quarter recruiting season which begins in earnest in mid-September.

For the first half of 2015, MoneyBlock added twenty new independent rep and advisor groups, and currently has six new groups in the transition process to start Q3.

"We’ve had a number of independent groups join MoneyBlock or are in transition who wanted to utilize our platform to run a more efficient and cost-effective business,” notes Gary Martino, MoneyBlock’s VP of Business Development.

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“We’ve had a number of independent groups join MoneyBlock or are in transition who wanted to utilize our platform to run a more efficient and cost-effective business,” notes Gary Martino, MoneyBlock’s VP of Business Development. “We’ve also seen more interest in our advanced options trading capabilities as more independent reps and advisors seek to use options for income generation and risk management.”

Avant-Garde Trading chose MoneyBlock based on its ability to support such needs. “MoneyBlock’s support of independents executing complex options transactions was really a key to our decision,” notes Tom Smith, Avant-Garde’s CEO. “MoneyBlock went the extra mile to transition our book within a tight window, accommodated several custom platform feature requests, and provided direct access to senior management, all of which are very important to us.”

MoneyBlock’s new CEO Paul Finnegan sees further opportunities as the company continues to build out its proprietary technology. “We’re geared for independent-minded reps and advisors seeking more automation, greater flexibility to differentiate their practice, and a simplified cost structure they can understand. We think the growth opportunity for our straight-forward approach is increasingly unique, and increasingly substantial.”

With a proprietary online platform designed to facilitate both self-directed investors and full-service investment professionals, MoneyBlock caters to an industry undergoing a foundational change as more investment professionals adopt the independent model, and generational change as more investors rely on technology solutions backed by professional advice to manage their investment portfolios.

For the company’s innovations, MoneyBlock was recently nominated for WealthManagement.com’s 2015 Industry Awards in the categories of Technology and Transition Support (for broker-dealers with less than 1,000 advisors).

For more information about MoneyBlock, please visit http://www.moneyblock.com.

About MoneyBlock
MoneyBlock is a Chicago-based financial technology company and independent, online broker-dealer that provides best-in-class financial technology solutions and services to independent investment professionals and their clients, active traders and self-directed investors. Our proprietary technology and flexible business model is uniquely designed to compete in a mature industry undergoing foundational and generational changes. AOS, Inc., does business as MoneyBlock. Member FINRA, SIPC and NFA. Avant-Garde Trading’s representatives are registered with and provide brokerage services through MoneyBlock. Web: http://www.moneyblock.com. Phone: 1-800-591-8243. Email: info(at)moneyblock(dot)com.

Disclaimer
Options involve substantial risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options prior to investing in options. Evaluate any strategy prior to use to understand risk and suitability.

Tom Heffernan, MoneyBlock, http://www.moneyblock.com, +1 (312) 253-0428, [email protected]

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