Unless you are a stock broker yourself, you might need to hire a broker to handle your investments for you. Brokers are the people who work for brokerage houses and can buy and sell stock on the stock exchange. A lost of people wonder if they really need a broker....
A real estate broker can be especially helpful when trying to sell a problem property. He may know investors willing to take a hard look at your offer, where the average home buyer will not. Consider the cost of using a broker versus holding a property for six to nine...
Broker-dealers and securities industry executives discussed how to ensure supervisors and managers who oversee broker-dealers are properly trained and comply with National Association of Securities Dealers' guidelines. Increasing scrutiny for broker-dealers was a major topic at the International Association for Financial Planning's broker-dealer meeting in Florida. Writing manuals was one...
Commission sharing arrangements typically involve three parties: a money manager, an executing broker and a research broker. The money manager in conjunction with his supplier of research, the research broker, will determine the value of the research. He then tells the execution broker, typically an agency, or bulge bracket firm,...
PROBLEMS WITH A BROKER I'm 89 years old. A few years ago a broker I have used for some time sold me a $20,000 limited-partnership investment that I don't think was appropriate for me. I live on a small income and cannot afford to...
government broker The stockbroker formerly appointed by the government to sell government securities on the London Stock Exchange, under the instructions of the Bank of England. The government broker was also the broker to the National Debt Commissioners see NATIONAL DEBT . Until October 1986 (see ...
It is common practice for a U.S. registered broker-dealer to enter into an expense-sharing agreement with its parent company or affiliate whereby the parent company or affiliate provides the broker-dealer with certain securities trading services and related administrative functions, as well as certain space, facilities, equipment and other services in...
Using an insurance broker can help tremendously if your business lacks benefiting personnel or you have limited resources for health benefits administration. A local broker knows the insurance carriers in your area and can help you find the best plan for your business.
Byline: Bruce Kelly NEW YORK - Consolidation is picking up among independent-contractor broker-dealers, with three insurance companies again leading the charge to buy. Last Monday, Lincoln National Corp. of Philadelphia said that it will acquire...
Morgan Stanley and a broker, named in four complaints in five years, this week were ordered by an arbitration panel to repay $176,500 to a couple of octogenarians who had accused the broker of fraud and negligence.
NEW YORK -- Instinet, a global agency broker and wholly-owned subsidiary of Nomura Holdings, Inc., today announced it has expanded its pioneering BrokerShare([R]) commission sharing arrangement CSA program to include non-broker-dealers. As a result, Instinet will now provide institutional clients with Section 28e eligible services obtained from non-broker-dealers, such as...
Who pays when the broker goes under? NEW YORK CITY--In a standard list rental deal, 20 cents out of every dollar is remitted to the broker as commission, while the remaining share goes to the list owner. But that's assuming the broker in question stands on firm financial...
Q: I want to warn people about something that can happen to them in stock arbitration. I brought a case against a broker and a major brokerage firm for churning my account. The arbitrators ordered the broker and only the broker to pay me $13,500. He paid part of it...
Q:WHAT IS THE BEST way to hold stocks, in certificate form in my safe deposit box or at my broker? My broker says I should go for the latter, which he calls, holding them in "street name." What do you think? -- C.P., Oakland A: Hardly anyone holds...
Considering that purchasing insurance is a very important financial decision you want your broker to be experienced so that they can take care of your insurance needs. One of the first things you can look for in an experienced insurance broker is their education. There are many certificates and seminars...
This paper uses the letterman model and briefly reviews the top ten reasons to do business with an insurance broker. Unlike letterman the paper begins with the number one single most important quality that looks for in a broker, specifically the account manager and that is a through knowledge of...
By choosing the right customs broker and taking advantage of new Mexican laws, shippers may be able to save time and money on shipments south of the border. The article shows four examples and deduces that the key to reducing costs and minimizing the amount of time it takes to...
Lockton Cos. Inc., the largest privately held broker and 11th-largest U.S. broker, announced its acquisition of Alexander Forbes International Risk Services. In buying the international brokerage of Alexander Forbes Ltd., Lockton displayed the guiding principles espoused by its chairman and namesake, David M. Lockton. In everything the Kansas City,...
YOU COULD HAVE A NEW BROKER calling on you soon, as the fallout from the Nabisco acquisition of Favorite Brands International suddenly frees up a large number of brokers (see page 8). While further consolidation in the already hard-pressed broker community is a...
