The primary focus of a Stockbroker is to manage the financial portfolio of a client. Clients can range from individuals to large businesses. Depending on the needs of the client, Stockbrokers can perform different job functions. Stockbrokers can act independently, managing portfolio decisions on the client’s behalf. They can act in a consulting capacity by advising client’s on when they should buy or sell. Or they can act at the client’s discretion, only buying or selling when instructed to.
Buying and selling stocks is not for the faint of heart. They handle vast amounts of money and work personally with their clientele. Stockbrokers must constantly be on the job in order to keep a finger on the pulse of the stock market and must be prepared to make quick decisions in order to turn a profit for clients.
Stockbroker responsibilities may include:
Stockbrokers are expected to be quick-thinking and light on their feet. In order to stay on top of current events and make well informed decisions, a skilled Stockbroker will:
Most employers will look for applicants with at least a Bachelor’s degree in finance or a related field. However, possessing an MBA will serve to set potential candidates apart from other applicants and help secure higher management roles later on. It varies depending on state, but as general rule, applicants should also plan to test for the FINRA Series 7 and at least the 63 Securities Registration.
In addition, applicants can make themselves more attractive by seeking professional qualifications with organizations like the Chartered Institute of Management Accountants or the CFA Society.START INTERVIEW NOW START INTERVIEW NOW
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