Broker Recruiting

The Broker Protocol

The Broker Protocol

J.S. Held’s Inaugural Global Risk Report Examines Potential Business Risks & Opportunities in 2024

Read More close Created with Sketch.

The Protocol for Broker Recruiting (Broker Protocol) was originally executed in 2004 between Citigroup Global Markets Inc. (“Smith Barney”), Merrill Lynch, Incorporated and UBS Financial Services Inc.

The Broker Protocol governs the use of client information when registered representatives (RRs) move between firms that are signatories to The Protocol, with the stated principal goal of furthering clients’ interests in privacy and freedom of choice in connection with the movement of their registered representatives. J.S. Held’s role in administering The Protocol is to maintain and distribute lists of The Protocol signatory firms and their contact information. J.S. Held does not provide legal advice as it relates to The Protocol, or police signatories’ conduct as it relates to The Protocol.

Broker Protocol Member Firms

J.S. Held maintains the only official list of The Broker Protocol signatory firms. The list is updated weekly and made available via the link below. Additional joinder or withdrawal agreements are emailed to Protocol members daily.

Current Member Firms: Click here to download

For primary contact information within a member firm, please email: [email protected]

Joinder Agreement

A firm interested in joining The Broker Protocol must complete and sign the Joinder Agreement and send it to J.S. Held. Please also submit the name, phone number, and email address of your firm’s contact, for purposes of The Protocol. This contact information will be available to all firms listed on The Protocol. Signed copies of the Joinder Agreement and firm contact information should be submitted to J.S. Held. A link to the Joinder Agreement is below.

Joinder Agreement: Click here to download

Please complete and submit the Joinder Agreement and provide contact information by emailing [email protected]. J.S. Held will inform all Broker Protocol members of any Joinder Agreements received, and the date in which it was received.

Letter of Withdrawal

A firm wishing to withdraw as a signatory to The Broker Protocol should submit a letter of withdrawal, which specifies the effective date of withdrawal, to J.S. Held by sending an email to [email protected]. A sample Withdrawal Letter is included below.

Letter of Withdrawal: Click here to download

New Joinder Agreements and Withdrawal Notifications

For changes received prior to 11:30 am (CT) on any given day, an email to the members of The Broker Protocol will be sent between 12 pm and 1 pm CT on that day. A second email update containing any changes received between 11:30 am and 4:30 pm (CT) will be sent out between 5 pm and 6 pm (CT) on the same day.

If no changes are received before each email is to be sent, there will be no email updates.

The full list of members to The Broker Protocol will be sent each Monday, no later than 1 pm (CT).

Any questions about this process can be directed to [email protected].

Our Experts