Independent Broker
Financial & Investment Dictionary:
Independent Broker
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INDEPENDENT BROKER - NYSE member who executes orders for floor brokers and firms other than its own.
INDEPENDENT CONTRACTOR - One who is retained to perform a certain act, but who is subject to the contro...
Independent Broker
This is a provincial government licensed independent businessperson who usually represents five or more life insurance companies in a sales and service capacity and who is paid a commission by those life insurance companies for ...
Independent Brokerage Firm
An investment company that is not owned by a bank, trust or insurance company. It is generally felt that these companies' brokers are free from the conflict of interests that can arise from non-independent firms.
Independent Broker
NYSE member who executes orders for other floor brokers who currently have more business than they can manage themselves, or for firms whose floor brokers are not on the floor.
INDEPENDENT BROKER " Member on the floor of the NYSE who executes orders for other brokers having more business at that time than they can handle themselves, or for firms who do not have their Exchange member on the floor.
independent broker who searches for the best insurance coverage at the lowest cost for the client. Insurance brokers do not work for insurance companies, but for the buyers of insurance products.
A non-independent broker working for a wire house firm, or a firm with multiple branches such as a national brokerage house. A wire house broker is typically a full-service broker, offering research, investment advice and order execution.
Two main types of floor brokers work on the Trading Floor: house brokers and independent brokers. House brokers are employed by brokerage firms that hold accounts for public investors.
One travel agency (Agency A) is an independent broker that charters an aircraft from an airline and sells tours to individuals and groups.
A certified public accountant operating outside the company who can provide an accountant's opinion.
Independent broker
NYSE member who executes orders for floor brokers and firms other than its own.
Independent investments ...
Pay special attention to the broker's fees, how much interest they charge, and how well they are performing on the stock market. Compare different brokerage firms and independent brokers before investing.
[OTS] booths About 1,400 workspaces, each equipped with a computer system, around the perimeter of the Trading Floor where member firms and independent brokers receive orders.
 See also: Expense, Floor broker, Banks, Saving, Fraud
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