Stockbroker

/ˈstɒkˌbroʊ.kər/

Meaning & Definition

noun
A person or company that buys and sells stocks and other securities on behalf of clients.
After researching several firms, she decided to hire a stockbroker to manage her investment portfolio.
An individual licensed to trade securities on behalf of clients or institutions.
He worked as a stockbroker on Wall Street for over a decade before starting his own investment advisory firm.
A professional who provides financial advice and executes trades for investors.
The stockbroker recommended diversifying her investments to minimize risk.

Etymology

The term originates from 'stock', referring to capital raised by a business, and 'broker', referring to a person who arranges transactions.

Common Phrases and Expressions

full-service broker
A broker that provides a range of services, including financial advice and investment management.
discount broker
A broker that executes trades at reduced commission rates without offering personalized advice.
online broker
A platform that allows individuals to trade securities directly via the internet.

Related Words

brokerage
A firm that provides services for buying and selling securities.
investment
The action or process of investing money for profit.
dividend
A payment made by a corporation to its shareholders, usually as a distribution of profits.

Slang Meanings

Wall Street whiz
He's a Wall Street whiz who knows all the best tips.
money monkey
He's such a money monkey, always looking for the next big stock to jump on.