In today’s Oyster Stew podcast, Oyster’s experts share their experience with managing clearing platform technology, consulting and integration, including utilizing the other services these firms offer.
https://www.oysterllc.com/what-we-think/cut-to-the-chase-get-the-best-clearing-firm-options/
All clearing relationships are memorialized by a contract which includes addendums outlining other parts of the relationship and a “Schedule A,” which covers the entirety of the costs: broker-dealer and client, unbundled charges, platform fees, and revenue sharing. Some clearing firms have ownership of other vendors (e.g., aggregation, financial planning, or CRM) that can be bundled or unbundled into separate cost structures.
https://www.oysterllc.com/what-we-think/dust-off-your-clearing-contract-review-your-schedule-a/
The expectation that clearing firms will provide services far above and beyond the basic contract has become the reality in a marketplace where each clearing firm is trying to differentiate itself from the others.
https://www.oysterllc.com/what-we-think/expect-the-most-from-your-clearing-firm/
Like spokes on a wheel, everything you do revolves around your clearing and custodial relationships: your clients, financial professionals, support staff, technology platform, operations, digital experience and compliance are some of those dependencies, and don’t forget about the impact on your P&L.
https://www.oysterllc.com/what-we-think/clearing-platforms-the-axis-of-your-relationships/
Competition, regulations, technology and reduced margins may be reducing your broker-dealer’s bottom line. How do you continue to thrive in this environment? The answer may be right in front of you – your clearing firm. Join our panelists as they talk about how maximizing your clearing firm’s capabilities can help your bottom line. Transcript Transcript […]
https://www.oysterllc.com/what-we-think/are-you-maximizing-your-clearing-firms-capabilities/
Financial Services consulting firm expands Strategic Planning and Execution Team Bill Davis joins the firm as a Director of Oyster Consulting’s Strategic Planning and Execution team. Bill will enhance the team’s extensive experience and ability to provide strategic consulting on platform conversions, brokerage operations and planning services for advisors, including new product development. Prior to […]
https://www.oysterllc.com/what-we-think/former-first-clearing-managing-director-of-operations-joins-oyster-consulting/
Whether you are considering exploring your clearing options, changing from self-clearing to fully-disclosed (or vice-versa) or starting a broker-dealer, Oyster will help you make the best decisions with an assessment of your business, analysis to help drive decisions, and even walk you step-by-step through a vendor selection and conversion processes. In this week’s episode of […]
https://www.oysterllc.com/what-we-think/new-podcast-why-outsourcing-your-clearing-platform-assessment-selection-and-implementation-processes-makes-sense/
The analysis to decide if it’s best to invest in your current platform or consider a different path should not be ignored or pushed too far into the future. In this week’s episode of Oyster Stew, Part 2 of a 3, Managing Director Pete McAteer discusses what you should do after you’ve identified any gaps […]
https://www.oysterllc.com/what-we-think/new-podcast-clearing-platform-selection-and-implementation/
Transitioning your platform can be a vital component of making sure your firm is successful for many years to come. Managing your firm’s platform transition is a significant undertaking that will impact most areas of your business. Consistency of communication with your leadership, employees and vendors is just one part of a very complex process. […]
https://www.oysterllc.com/what-we-think/managing-the-clearing-platform-transition-process/
The economic impact to retail broker-dealers of their clearing strategy is larger than ever. Whether deciding between self clearing vs. fully-disclosed, or choosing the best provider when the answer is obvious, a thoughtful analysis and due diligence must be conducted to achieve your best results. Much is riding on this decision in order to protect your firm […]
https://www.oysterllc.com/what-we-think/the-business-case-for-evaluating-your-clearing-partner/
The economic impact to retail broker-dealers of their clearing strategy – self clearing vs. fully disclosed and choosing the best provider – is larger than ever. In recent years, rapidly changing market factors, regulatory challenges, and technology have resulted in competitive challenges that require investments to stay ahead or even just keep up. The decision […]
https://www.oysterllc.com/what-we-think/products-technology-service-and-culture-clearing-firm-decisions-impact-profits-and-people/
Oyster Consulting announced today that Frank Childress joined its Strategic Planning and Execution team to support and focus on growing the firm’s Trading and Markets services.
https://www.oysterllc.com/what-we-think/oyster-consulting-hires-frank-childress/
Gearhart to focus on growing Trading and Markets services Jeff Gearhart has joined Oyster’s Strategic Planning and Execution team to focus on growing our Trading and Markets services. With over 30 years in the financial services industry, Jeff Gearhart’s leadership experience in Capital Markets and broker-dealer businesses bolsters our knowledge base and expertise. Having […]
https://www.oysterllc.com/what-we-think/oyster-welcomes-jeff-gearhart/