Frequently Asked Questions
How big is J.P. Turner ?
J.P. Turner is one of the fastest growing independent broker/dealers in the country with some 185 independent branch offices nationwide. What makes them unique is their continued focus on developing personal relationships with their licensees and representatives. They are a growing firm committed to maintaining a small business atmosphere.
Who does J.P. Turner clear through?
Accounts are carried by Penson Financial Services, Member SIPC.
How are client investments protected?
Excess SIPC Coverage
Penson Financial Services, Inc. (Penson) is a member of the Securities Investor Protection Corporation (SIPC), which protects cash and securities held in customer accounts of its members up to a ceiling of $500,000, including a maximum of $100,000 for cash claims. For information regarding SIPC protection, contact SIPC at (202) 371-8300 or visit www.sipc.org.
Penson has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2 million.
Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
What technology do you use?
J.P. Turner's 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.
What fees are involved in setting up my business?
J.P. Turner's corporate office has one of the lowest fee structures in the industry! Unlike other firms, we are not currently charged for access to back office support.
How do you help reps grow their business?
J.P. Turner Red Bank has access to the home office's marketing and branch development departments. We receive hands-on assistance, turn-key marketing solutions and educational opportunities to help craft your ideal business model.
Contact us to learn more about the opportunities at J.P. Turner 