Fee-based accounts are investment accounts where a financial advisor earns compensation primarily through fees rather than commissions. These accounts align the advisor's interests with those of their clients, encouraging unbiased and client-centered advice.
A Financial Advisor is a professional who provides expert guidance and planning services in financial matters, including investment management, retirement planning, and wealth preservation.
An Independent Agent is a professional who sells insurance policies from various insurance companies rather than being restricted to just one.
A non-discretionary account is an investment account where the broker or financial advisor must obtain the client’s approval before making any trades or investments. This entry covers the historical context, types, key events, explanations, models, applicability, examples, related terms, and more.
A comprehensive overview of a Registered Representative, detailing their role, registration process, responsibilities, and significance in the financial markets.
A Retirement Planner is a financial advisor specializing in the creation and management of retirement plans for clients. Their expertise ensures a financially secure and well-managed retirement.
An agent who buys and sells securities on a stock exchange on behalf of clients, providing investment advice and receiving a commission for their services.
A Registered Representative (RR) is an employee of a stock exchange member broker/dealer who acts as an account executive for clients, providing advice on which securities to buy and sell. Licensed by the SEC and NYSE, RRs earn compensation through commission income.
Learn what a financial planner is, their roles, responsibilities, and how to find the right one for your financial needs.
A comprehensive guide to understanding the roles, skills required, and compensation of investment managers. Explore their essential functions, required expertise, and earning potential.
An in-depth exploration of the role, functions, and impact of wirehouse brokers, especially focusing on their actions during the financial crisis.
