brokerage account

Thesaurus

Noun

brokerage account - a fund that a customer has entrusted to a securities brokerage; "you can't get a brokerage account unless you have $20,000"cash account - an account with a securities brokerage whose transactions are settled on a cash basismargin account - an account with a securities brokerage in which the broker extends creditbusiness relationship, account - a formal contractual relationship established to provide for regular banking or brokerage or business services; "he asked to see the executive who handled his account"

Brokerage account

Brokerage Account

Money given to a broker or brokerage for investment purposes. One manages one's brokerage account differently according to the type of brokerage; that is, one may meet with a broker, call on the telephone, or give orders over the Internet. Brokerage accounts are divided into two main categories: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. On the other hand, brokers have a great deal more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule.

Brokerage account.

To buy and sell securities through a broker-dealer or other financial services firm, you establish an account, generally known as a brokerage account, with that firm.

In a full-service brokerage firm, a registered representative or account executive handles your buy and sell instructions and often provides investment advice.

If your account is with a discount firm, you are more likely to give your orders to the person who answers the telephone when you call.

And if your account is with an online firm, you give orders and get confirmations electronically.

In all three cases, the firm provides updated information on your investment activity and portfolio value, and handles the required paperwork. And in some cases, your brokerage account may be part of a larger package of financial services known as an asset management account.

brokerage account

Brokerage account

Brokerage Account

Brokerage account.

brokerage account

Words related to brokerage account

noun a fund that a customer has entrusted to a securities brokerage

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