Job description stock market broker

Stock brokers take on a tremendous amount of responsibility. These financial agents work in a stressful, fast-paced environment, but for the right individual it can be a rewarding career.

According to the U. Stock brokers often must create their own client list — even those who work for larger trading firms.

Requirements for a Licensed Stock Broker: Education and Career Info

Customer recruitment and customer service is a large portion of what stock brokers do. A broker may spend their day calling prospective clients, following up with current clients and cultivating a relationship with other industry professionals.

Since customers rely heavily on their stock broker to deal with their investments, brokers must help maintain a level of trust and security by contacting their customers weekly or monthly to update them on their portfolio or new investment opportunities. Brokers are required to disclose all information related to any investment recommendation — including risks.

Brokers must be honest with their clients and cannot provide false, misleading or exaggerated statements. A stock broker initiates trades — buys and sells — on behalf of their client. This is typically done electronically, but some brokers execute trades by phone or in-person on a physical trading floor.

Job Description of a Stock Brokerage Sales Assistant | yyizibily.web.fc2.com

For example, a stock broker would not recommend a high-risk stock for a client with a low-risk portfolio. The broker, however, has a fiduciary duty to put the needs of his clients above his own. A stock broker is also subject to the rules created by regulatory agencies, such as the Financial Industry Regulatory Authority.

These regulatory agencies require all stock brokers to be honest, trade fair and only make trades that meet the needs of the client — not themselves.

Shailynn Krow began writing professionally in Krow holds a Bachelor of Science in psychology from the University of California, Los Angeles and an Associate of Science in pastry arts from the International Culinary Institute of America. Skip to main content.

Customer Service and Recruitment Stock brokers often must create their own client list — even those who work for larger trading firms. Disclosure and Advisement Brokers are required to disclose all information related to any investment recommendation — including risks.

The Salary of a Stock Market Analyst | yyizibily.web.fc2.com

Trade Execution A stock broker initiates trades — buys and sells — on behalf of their client. Bureau of Labor Statistics: Securities, Commodities, and Financial Services Sales Agents The Law Offices of Mitchell S. The 7 Duties of Stockbrokers. About the Author Shailynn Krow began writing professionally in Suggest an Article Correction. More Articles [Jobs Involve] What Kind of Jobs Involve the Stock Market?

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