Get The Best From Your Stockbroker

It is a requirement that a qualified stockbroker is used to buy and sell shares on the stock market. These days brokers can offer more services than just buying and selling shares. They will monitor share prices, and advise you on potential gains to be made on positively moving stocks. You can receive a number of services from a broker and you will either be charged a set fee or a commission for these. From a portfolio management service at the top end to advice and share trade execution at the other these are the main services offered.


It may be that all you want to do is buy and sell shares so a broker will follow your orders on this. The stockbroker will not offer you any advice with a trade only service and this service is open to experienced traders and newcomers. A commission is usually charged for this service and is often calculated against the total value of the trades that you want executed. Buying and selling shares on behalf of investors is the most common service a broker will provide.


The offering of advice is the next most common service. As the advice provided by the stockbroker draws on their expertise of the market and involves them in a lot of work to recommend profitable stocks to you a higher fee will be payable. The stockbroker will also spend time with you to make sure that you understand everything that is being recommended to you. This is vital if you do not have experience in share trading and the premiums for this are often a mixture of commissions and one off fees.


Portfolio management comes in two forms which are advisory and discretionary. There is a big difference between the two, an advisory portfolio service is where a broker will examine the market and provide several recommendations for you of stocks with potential and then it’s up to you. With a discretionary portfolio service, the broker will manage all aspects of the recommended portfolio on your behalf and provide reports on how well this is working for you.



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