Frequently Asked Questions
How big is J.P. Turner? We are one of the fastest growing broker/dealers, advisory services firms in the country with more than 150 independent branch offices nationwide. What makes us unique is our continued focus on developing personal relationships with our representatives. We are a growing firm committed to maintaining a small business atmosphere.
Who is your clearing firm?
J.P. Turner clears through National Financial, a subsidiary of Fidelity.
How are client investments protected?
J.P. Turner securities in accounts carried by National Financial Services LLC (“NFS”), a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation (“SIPC”) up to $500,000 (including up to $100,000 for cash awaiting reinvestment). NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 1-202-371-8300.
How will I become familiar with J.P. Turner once I'm on board?
We come to you! Each department manager will contact you and conduct an orientation on their department's processes and answer your questions. You will be assigned a dedicated operations transition specialist that will assist you in transferring client accounts and ensure your systems are up and running. Once your transition is complete, you will be assigned an area vice president and a permanent operations liaison to provide as much, or as little, ongoing support as you'd like.
What technology do you use?
Our state-of-the-art back-office systems provide real-time access to customer accounts. One-click trading provides integrated access to equities, bonds, mutual funds and options. Presentation tools help you prepare professional client proposals and investment scenarios using advanced calculators and portfolio metrics. Integrate your day's activities, portfolio reports and tax accounting. Talk to a business development staff member to gain access our demo site where you can explore the tools and technology available to you.
What fees are involved in setting up a branch office?
We have the lowest fee structure in the industry! Unlike other firms, we do not currently charge for access to back office support, set up fees, monthly service fees or technology fees. Because each branch's business model is different, we encourage you to talk to a member of our business development team for specifics.
How do you help reps grow their business?
J.P. Turner has dedicated marketing and business development departments. We offer hands-on assistance, turn-key marketing solutions and educational opportunities to help craft your idea business model.
