Your Stockbroker Can Really Help You

If you want to trade stocks on the market then you have to use a qualified broker to do this. But they will do much more for you than just execute trades. They can track share prices, and provide advice to you on which shares to follow that have the potential of moving in the right direction. You can receive a number of services from a broker and you will either be charged a set fee or a commission for these. There are three basic services that a stockbroker can offer which are trades, stock advice and management of portfolios.


If all you want to do is trade shares then a stockbroker will execute this for you based on your instructions and make the trade. The broker will help novice traders with jargon etc but will only execute the trade and not offer advice on it. This is generally the most inexpensive use of a stockbroker and they will often charge a commission based on the value of the trade. Buying and selling shares on behalf of investors is the most common service a broker will provide.


Offering advice is another popular service. This will be more expensive than performing trades as the stockbroker is offering expertise of the market to help you decide on the best trades to make to turn a profit. You will receive a lot of the stockbroker’s time and assistance so you are clear on exactly what stocks are being advised and their profit potential. This time spent will really make a difference and is likely to come at a one off price with commissions payable on any trades.


Discretionary and advisory portfolio management services are available from most brokers. The difference is that with an advisory service, the broker will create a proposal of stocks that are considered a worthy portfolio but they will not act on this proposal until you instruct them to do so. 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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