Finance Broker Job Description and Profile
A Finance Broker is a professional who can work for both individual clients and companies. He/ she has the task of buying and selling stocks and also authorizing the monetary items for the businesses. A financial broker has the job of researching the companies and the share revenues in respect to the respective markets. They discuss with the clients about both benefits and dangers associated with each investment and help them to make the possible best decision. However, a finance broker’s main duty is to invest money to stock market for the clients he/ she is working for.
Finance Broker Duties and Responsibilities
- Taking into contemplation the present state of stock market as well as client requirements.
- Buying the stocks which a client chooses and also transferring the stock to investor.
- Teaching the classes meant for helping the clients in the process of learning the manner in which a stock market works.
- Staying focused with the primary job of buying and selling stocks.
- Working with the existing and possible clients and also recommending best stocks for investing.
- Planning and implementing the risk strategies which would encourage the clients to reach the investment goals.
- Discussing about both high and low-risk investments, prudent quantity to the investment and capital growth in particular stock.
- Monitoring the investment portfolio of a person and determining which company would be profitable and good for investment.
- Obtaining most suitable prices for the stocks during selling phasing after taking a client’s approval and completing the transaction.
- Seeking recommendation regarding price of the shares and judging whether it is a good investment.
Finance Broker Education, Training and Qualifications
A Bachelor’s degree in Economics, Accounting, Finance or some business related field is highly essential to become a Finance Broker. Completing an internship program offered by companies would help in gaining experience. Some employers provide on-job training which is extremely imperative to operate well in this field.
Finance Broker Degrees, Courses & Certification
Apart from the formal degree, a financial broker needs to pass General Securities Registered Representatives offered exam in order to function in this field properly.
Finance Broker Skills and Specifications
- Good understanding of the market
- Good understanding of finance
- Ability to analyze properly with great negotiating skills
- Good interpersonal and mathematical skills
- Energetic and motivated with attention to details
- Sound advisory skills
Finance Broker Salary/Wage
The salary of a Finance Broker ranges from $25,000 – $50,000 annually. In this field, experience matters a lot so the professionals with greater experience are likely to make greater money.