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Legent Clearing Launches Referral/Recruiting Site to Help Correspondents Attract Brokers
Oct 05, 2010 (01:10 PM EDT)

~ More than 30 Legent Clearing correspondent firms participating

OMAHA, Neb., Oct. 5 /PRNewswire/ -- Legent Clearing announced today the official introduction of a broker referral site aimed at helping many of their correspondent firms attract brokers, advisors and other registered personnel.  To date, 33 of Legent's introducing broker/dealers have provided content for the website at and several others are in the process of providing the necessary content to participate in the near future.

Visitors to the site will be able to view each correspondent's information which includes a business description, links to the firm's website and the recruiting contact details.  The site also enables a rep to search by type of business/rep supported (i.e., independent, employee, trainee, RIA, or insurance).  Reps can then complete a confidential profile and have it routed to the recruiting contacts at the firms of their choice.  

"The idea emanated from our very first Steering Committee meeting and from discussions during our annual conference," said Ray Maratea, president of Legent Clearing. "A lot of our correspondents listed recruiting as a primary business focus in a survey we conducted a few months back. We actively support our correspondents in their recruiting and marketing efforts because it's a win-win situation for all.  If we can help our correspondents recruit new talent and increase revenues, Legent will benefit as well."

Legent has begun to advertise the site through online and print media to ensure that brokers and advisors interested in joining a new firm are aware that many of Legent's correspondents are actively recruiting.  Legent's alliances with Thomson Reuters and Sungard, along with many other brand name providers of technology, products and services enable the firm's correspondents to offer competitive resources, business development assistance and attractive compensation arrangements.

"This is a terrific way for Legent to show their support for our firm," stated James Stoneham of Meyers Associates.

Added Gary Tickel, Chief Compliance Officer of MCL Financial Group, Inc., "We appreciate Legent's interest in and extra attention in helping MCL Financial Group, Inc. grow our business."

About Legent Clearing:

Legent Clearing provides reliable execution and clearing services, business development support, and competitive pricing to retail and institutional brokerage firms nationwide.  Our products and services suite includes modern trading and communications technology, expansive market data, global research, comprehensive portfolio management tools, numerous cash management options, sophisticated advisory/wealth management services and education and training assistance to enhance sales productivity and stimulate asset accumulation. Legent Clearing is committed to helping our correspondents establish business plans and promotional strategies that will allow their firms to become and remain profitable in highly competitive environments.

Raymond Maratea


Legent Clearing

635 Butterfield Road, Suite 300

Oakbrook Terrace, IL 60181


Steve Dripchak

Vice President

Legent Clearing

12 Bellegrove Drive

Upper Montclair, NJ  07043


Media inquiries:

Roxanna M. Guinan

Senior Vice President

Marketing & Product Development

Legent Clearing

10222 Allamanda Blvd.

Palm Beach Gardens, FL  33410


SOURCE Legent Clearing