Finance

Jul 31 2017

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1ST Discount Brokerage, Inc.

1st Discount Brokerage is in the business of buying and selling securities such as stocks, bonds, mutual funds and other investment-related products. This broker is registered with the SEC (#48557) and can engage in securities transactions on behalf of its customers (as a broker) or for its own account (as a dealer).

  • Registered with 52 U.S. states and territories

Mission Statement: To guide investors in pursuit of financial success by listening to their needs, offering personalized services, staying attuned to changing market conditions and communicating on an ongoing basis.

Firm data current as of 12/31/2015

Map above shows the states and territories in which the 1st Discount Brokerage is registered for business.

Types of Business

Broker Activities

In order to register with the SEC, all broker dealers must file Form BD through FINRA. In the last submission of SEC Form BD, 1st Discount Brokerage indicated that it operates in the following lines of business:

Corporate Debt Securities, Life Insurance & Annuities, Mortgages & Other Receivables, Mutual Funds, Non-Profit Securities, Oil and Gas Interests, Over-The-Counter Corporate Equity Securities, Primary Tax Shelters, Secondary Tax Shelters, and Time Deposits

Investment Advisory Services and Proprietary Trading

The average balance in a client account at 1st Discount Brokerage is $281,100. This is lower than the average client account balance of $1,004,900 for all broker-dealers that are also registered as an investment advisory business.

This part of the broker dealer’s business includes 10 employees through which it provides investment advisory services to 100 clients.


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