1st Discount Brokerage (1DB) was founded by William “Chip” Corley in 1995. After a decade at wirehouses, he left to build a firm that could offer IFCs and their clients a better investing experience. Chip felt that innovative approaches backed by enabling technology, and above all, a genuine passion for the business should be the driving factors behind a leading brokerage firm. That, he reasoned, would allow his firm to deliver enhanced capabilities to the investment marketplace.

Fueled by that entrepreneurial spirit, 1DB has since grown from a single office to an Independent Broker/Dealer with over 80 offices nationwide. Acquisitions of brokerage firms have increased our capacity, while partnerships with Ridge Clearing and Lampost Financial Group have enhanced our offerings.

It has been nearly a decade since our founding, but our initial philosophy still guides our business today. There is an all-encompassing belief throughout 1DB that the best solutions can be developed only when Independent Financial Consultants (IFCs) are allowed to bring their ideas to life in a dedicated and supportive environment, where creativity is always encouraged.

While the 1DB Team has grown substantially since those early days, our dedication to investment performance and customer satisfaction remains a guiding principle that is shared. The 1DB philosophy has helped foster a firm culture that encourages and supports individual achievement. Our IFCs are recognized as the core of our success—and treated accordingly.

While the face of the investment community is rapidly changing, our team is well positioned to adapt and thrive. We continue to seek astute Financial Consultants who value their independence and are attuned to the1DB philosophy and our approach to helping Independent Financial Consultants succeed.


 
 
 
Chip Corley
Founder
 
 

 


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Ridge Clearing & Outsourcing Solutions, Inc. is a member of the Securities Investor Protection Corporation (SIPC), which protects securities and cash of the customers of its members up to a maximum of $500,000, of which $100,000 may be cash. More information about SIPC coverage is available at www.sipc.org.

Each client's account is protected up to $150 million, including cash of up to $2 million. The first $500,000 of coverage (including $100,000 on cash holdings) is provided by the Securities Investor Protection Corporation (SIPC). Ridge Clearing & Outsourcing Solutions purchases an additional insurance policy through London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter). A $600 million aggregate limit applies as well, which is the most the London Underwriters will pay in the event of liquidation. SIPC insures the assets held in brokerage accounts if the brokerage firm fails. SIPC does not protect investors against investment decline or loss.