Page 2: The role of stockbrokers
A stockbroking firm is the link between the investor and the stock market. The firm’s role is to obtain the best price available for the investor’s shares whether they are buying or selling. A stockbroker can also deal with all the paperwork involved in transactions in stocks, such as Giltedged securities and shares, which leaves the investor free to concentrate on his or her investment strategy.
Finding a stockbroker
Many people find their stockbroker by word of mouth alone – through recommendations from friends, colleagues or acquaintances. There are, however, a number of other ways in which to find a good stockbroker. For example, there is a list of local stockbrokers in Yellow Pages. There is also a national directory of private client stockbrokers issued by the Association of Private Client Investment Managers and Stockbrokers (APCIMS). It starts with an explanation of the main features of the membership, then lists the type of service offered by each stockbroker, followed by the range of available products.