Who is a Stock Broker?

Broker?

A broker is an individual or an enterprise who contacts two parties, usually a buyer and a seller, and make a transaction happen between the two. What's in it for the broker? The brokerage. A considerably small fee charged from either both parties or based on the whole transaction value (usually a small percentage of the whole transaction).  

Stock Broker?

A Stock broker is the one who connects the stock investor/trader with the stock market. An individual cannot directly deal with the share market, hence he must go through a stock broker. A stock broker is usually a firm consisting of agents. Once we register ourselves at an agent, he will be our guide and middleman to the stock market.

Services

• Buy and sell shares on-behalf of  his clients and only on the approval of the client. (a stock broker does not have the freedom of buying and selling shares for his clients without the approval of them).
• Investment/Trading advising. Since the brokers deal with the market 24*7 it's wise to consult them before making our buying/selling decisions.
• Discretionary Dealing- this is where the client has given the freedom to the stock broker to make his own decisions based on the investment/trading objectives of the particular client.

Best Stock Brokers/Brokering Firms

America

1. Merrill Lynch & Co. Inc.
2. E. F. Hutton & Co.
3. Bache & Co.
4. Paine Webber & Company
5. Francis I. DuPont & Co.
6. Dean Witter Co.
7. Goldman Sachs
8. Bear Stearns

Sri Lanka

1. Bartleet Mallory Stockbrokers (Pvt) Ltd. 
2. Asia Securities (Pvt) Ltd.  
3. J B Securities (Pvt) Ltd.
4. Asha Phillip Securities Ltd.