What is the role of a stockbroker?
A stockbroker is a financial sales professional who markets and sells investment products and other securities to individual and corporate clients. Additionally, these professionals work in an advisory capacity, assisting clients in setting and reaching financial goals.Primary DutyObtaining new clients through the use of cold calls and other marketing methods, a stockbroker recommends investments to customers that meet their individual needs.EducationEmployers typically will only consider those with bachelor’s degrees within finance, accounting or related field of study. Those with graduate degrees are preferred.Registered RepresentativeAfter maintaining employment for 4 months and passing the General Securities Registered Representative Examination, or Series 7 Exam, a stockbroker is required by law to register as a representative Financial Industry Regulatory Authority (FINRA).Series 7 ExamAdministered by the FINRA, the Series 7 Exam consist of 250 multiple choice questions.
