2. Broker
An individual or firm that charges a fee or
commission for executing buy and sell orders
submitted by an investor.
3. Types of Brokers
THE Full Service Broker:
This broker is the most costly. They do research and give
recommendations on which stocks you should invest in
THE Discount Broker:
This broker is discounted by giving you a list of stocks they
recommend, but you are to do your own research on these
stocks.
THE On line Broker:
This broker, the newest type of broker, is run on line. They give
you research to do, charts to look over, and news on
investments to help you in completing your own research.
4. Financial Advisor
An individual or firm who, for
compensation, engages in the business of
advising others, either directly or through
publications or writings, as to the value of
securities or as to the advisability of investing
in, purchasing, or selling securities
5. Similar roles of the stock broker
Roles similar to that of a stockbroker
include investment advisor, and financial
advisor.
A stockbroker may or may not be also an
investment advisor, and vice versa.