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Stockbrokers manage investments for individual clients or companies and large organisations, buying and selling stocks and shares to make the best return for their clients.Some stockbrokers completely manage their clients’ investments and make decisions on their behalf, whereas others will act according to the client’s instructions on buying and selling shares. Much of the trading is conducted by telephone and via the internet.
The client’s portfolio of investments is regularly reviewed to monitor performance, and updates are produced to illustrate the findings. The stockbroker will keep in regular contact with the client and suggest any changes which could improve performance.
Stockbrokers work as part of a team alongside investment analysts who carry out in-depth research into how the companies and markets are performing. The analyst produces reports which the stockbroker uses to advise existing clients and to attract new ones.
It is usually a very hectic environment and involves extensive use of computers and telephones.
Promotion depends on individual performance, although some organisations offer fast track routes to progression. Stockbrokers often move on to become account managers and fund managers.
Experienced stockbrokers can set up their own firm, and many seek work overseas in major financial centres.
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