Advisory Broker

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Definition: Advisory Broker

Advisory Broker
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What is the dictionary definition of Advisory Broker?

Dictionary Definition

A broker who not only deals in stocks and shares on behalf of his client, but also advises on what shares should be bought and sold for the portfolio.

  • The broker will contact the client to suggest changes in the composition of the portfolio, but does not have authority to trade on a completely discretionary basis.
  • The client pays a commission on dealing and may pay charges based on the value of the portfolio.

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https://payrollheaven.com/define/advisory-broker/
Modern Language Association (MLA):
Advisory Broker. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 18, 2024 https://payrollheaven.com/define/advisory-broker/.
Chicago Manual of Style (CMS):
Advisory Broker. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/advisory-broker/ (accessed: May 18, 2024).
American Psychological Association (APA):
Advisory Broker. PayrollHeaven.com. Retrieved May 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/advisory-broker/

Definition Sources

Definitions for Advisory Broker are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.