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What is the difference between Desjardins Private Manager and a securities broker?

April 26, 2017broker Desjardins manager private securities

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What is the difference between Desjardins Private Manager and a securities broker?

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A securities brokerage firm is a go-between that sells securities: stocks, bonds, mutual funds, etc. The broker earns commission on each transaction. In the case of bonds, the commission is included in the bond price; with regard to stocks, it is added to the value of the transaction.