What are the Duties of a Stockbroker?

If you have been considering a career in stockbroking and want to become a stockbroker you need to know the duties and responsibilities that you shall have as a stockbroker once you qualify. Reading through this will help you assess whether this is the kind of job that you are looking for. It is important that a stockbroker is trustworthy and reliable since the financial future of the clients depends on what the stockbroker does.

As a stockbroker you will need to recruit clients. This is one of the first things that you are likely to do especially if you are starting your own practice. Cold calls on prospects and soliciting for investment is part of the game. This means that you need to be able to take refusals and move on to the next client without any hard feelings.

Once you do get a client you will need to build relationships with them. A stockbroker needs to ensure that the client has complete faith in the stockbroker so that the relationship can flourish. Without faith it is tough to work together to create wealth.

A stockbroker is also expected to advice clients about the various trades that seem to show opportunity. It is important to understand here that the stockbroker is merely responsible to suggest and the final decision needs to come from the client.

Last but not the least a stockbroker is also expected to execute the trades that the client wants to enter and manage the share trading account for the client.