Brokerage account

(redirected from Investment Account)
Also found in: Dictionary, Thesaurus.

Brokerage Account

Money given to a broker or brokerage for investment purposes. One manages one's brokerage account differently according to the type of brokerage; that is, one may meet with a broker, call on the telephone, or give orders over the Internet. Brokerage accounts are divided into two main categories: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. On the other hand, brokers have a great deal more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule.

Brokerage account.

To buy and sell securities through a broker-dealer or other financial services firm, you establish an account, generally known as a brokerage account, with that firm.

In a full-service brokerage firm, a registered representative or account executive handles your buy and sell instructions and often provides investment advice.

If your account is with a discount firm, you are more likely to give your orders to the person who answers the telephone when you call.

And if your account is with an online firm, you give orders and get confirmations electronically.

In all three cases, the firm provides updated information on your investment activity and portfolio value, and handles the required paperwork. And in some cases, your brokerage account may be part of a larger package of financial services known as an asset management account.

References in periodicals archive ?
Now the bank s customers having current or savings account in UAE dirhams or US dollars will be able to open a Gold Investment Account for purchasing gold in electronic form.
Some of my clients have bought policies with a cash-value investment account," he says.
The Wholesale Investment Account is an innovative addition to Scotiabank's suite of financial solutions available to clients in the U.
For investors who seek both a high rate of return on their idle cash balances and a high degree of flexibility, E*TRADE Canada's Cash Optimizer Investment Account offers a 4.
Auto Business News-October 24, 2014--Russian central bank to curb foreign investment accounts outflow
The Gold Investment Account is the first of its kind in the region and facilitates retail banking customers to invest in gold savings, without the additional risk and costs associated with storing and moving physical gold, said a statement.
The Gold Investment Account is the first of its kind in the region, and facilitates retail banking customers to invest in gold savings, without the additional risk and costs associated with storing and moving physical gold.
New applications for NS&I's Investment Account will cease from November 28 and the account will become postal only in May 2012.
Judge Christopher Sontchi said in his June 28 decision that the entire $120 million pooled investment account held in the name of the diocese should be considered diocesan assets, even though the diocese said it has only $45 million of its own money in the account.
allegedly committed professional malpractice because the accounting firm failed on several counts to detect fraudulent activity in an investment account held by New London.
Royal Skandia's Investment Account will enable financial advisers to recommend a market leading open-architecture investment solution to a broader range of clients.
25 million parents have still not invested the government's pounds 250 Child Trust Fund vouchers to kickstart a new savings and investment account for their kids.