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 ?
The knowledge about stocks that one gathers, along with the tools and advices offered by a competent stockbroker can be helpful in making decisions.
Barclays Stockbrokers is the UK's largest execution-only retail broker, offering retail investors a wide range of products including shares, funds, ETFs, CFDs, Structured Products, Financial Spread Trading, covered warrants, trading BARXdirect: FX, and investment accounts like SIPP and ISAs.
And how can you reduce your chances of getting involved with an unscrupulous stockbroker in the first place?
AXA fell from 19 stockbrokers in 2004 to 8 in 2005, which knocked it off the list.
A STOCKBROKER has admitted stealing pounds 35,000 from one of the UK's biggest share dealers.
TD Ameritrade's Trade Architect is a beautiful work of art," says Blain Reinkensmeyer, CEO, StockBrokers.
In Landmark Decision, New York Appellate Court Rules that Lawsuit for Overtime for Stockbrokers Should Proceed as a Class Action
appointment of Bridge Hall Stockbrokers Limited, as the Company's new Corporate
Stockbrokers have traditionally been associated with higher net-worth individuals, as direct investment in the Stock Market is perceived by many to be too risky for the general public.
CONFUSION over jargon is a key reason why more are not investing in the stock market, according to a new survey from NatWest Stockbrokers.
WH Ireland has confirmed it has netted five stockbrokers from rival Fyshe Horton Finney.
Nearly two-thirds of Welsh people would invest in the stock market if they were given pounds 10,000, according to a survey by NatWest Stockbrokers.