Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.

Wednesday, May 21, 2014

Soft Dollar Payments and Payment for Order Flow

We have NEVER believed in "soft dollar" payments.  Never.

Commissions are paid to brokerage firms out of clients assets.  For THEIR benefit, not ours.

If we need research, conferences, phones, rent and fancy lunches we pay for them ourselves, not with excessive trading with clients assets.

Wall Street is still controlled by the political elite which is funded by Wall Street itself.

In the same vein, why would we want to do business with asset custodians who "sell" order flow to the highest bidder to the detriment of market structure?  

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