stockbroker

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Stockbroker

Broker

A person or firm that conducts transactions on behalf of a client. Some brokers only conduct transactions while others also offer different types of investment advisory services. Brokers derive their profit from commissions on orders given. That is, they usually collect a percentage of the value of each transaction, though some charge flat fees. Clients may give orders in a variety of ways. One may meet with a broker, call on the telephone, or give orders over the Internet. Brokers handle two main types of brokerage accounts: 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, they have much 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. In practice, most brokerage firms are in fact broker-dealer firms. Most brokers must register with the SEC.

stockbroker

stockbroker

a business which acts as a market intermediary in bringing together buyers and sellers of financial securities such as STOCK, SHARES and BONDS. See STOCK MARKET, AGENT, TRADER/DEALER, STOCKBROKING.

stockbroker

an agent who acts on behalf of clients in buying and selling FINANCIAL SECURITIES such as STOCKS, SHARES and BONDS in return for a commission. Some stockbrokers also act as ‘jobbers’, that is, they act as principals in ‘making a market’ in securities. See MARKET MAKER, STOCK EXCHANGE.
References in periodicals archive ?
Post decision of SEBI regulation it is imperative for stockbroker to get hold of solution which brings transparency in the trading process.
01) between Mach-B and self-reported sales performance among 110 stockbrokers.
When purchasing or selling stocks, services offered by a reliable stockbroker can prove to be quite useful.
The last time it appeared, Merrill Lynch reported 115 Arkansas stockbrokers.
The key to selecting a stockbroker is understanding whether the person is in sales - trying to offer you the latest ``hot'' stock - or a helpful financial services professional who understands prudent choices.
Vinay Bedi, of stockbrokers Wise Speke, said: "The change reflects the club's league success, generating optimism.
Most investors believe the market will rise in the next year and Hans Georgeson, of Barclays Stockbrokers, says: ``This shows confidence has returned at last.
A STOCKBROKER has admitted stealing pounds 35,000 from one of the UK's biggest share dealers.
TELECOMWORLDWIRE-13 May 2003-Barclays Stockbrokers receives knowledge management solution from eGain(C)1994-2003 M2 COMMUNICATIONS LTD http://www.
But now a team of investigators from New York says that pets can even help calm the vascular pressure cooker contained within many stockbrokers.
To apply for shares, contact one of the following: Barclays Stockbrokers (0800 400 401), Hargreaves Lansdown (0500 404 055), NatWest Stockbrokers (0800 210 217), Skipton Building Society (0800 138 0800), The Share Centre (0500 441 144).
While shareholders relied primarily on the advice of their stockbrokers for investment decision-making two decades ago, today stockbrokers rank fifth out of six potential sources of information on companies.