Financial Broker

Financial Brokers, or agents, are responsible for assisting clients with their financial needs; for a commission, they research, evaluate and assist with financial opportunities for their clients, and assist them applying for and securing those opportunities. A broker may specialise in a certain area, such as working as a floor broker, an upstairs broker, an insurance broker, or a mortgage broker.
 

Duties and tasks

  • Analyse client finances and budget and formulate a strategy to meet long term goals
  • Ensure all transactions meet the legal requirements
  • Listen to clients goals and values, then research opportunities to meet those goals
  • Make transactions on behalf of clients via phone, internet, or in person
  • Monitor markets and stay up-to-date with trends
  • Prepare documents such as reports and statements

Skills required

  • Communication
  • Decision Making
  • Knowledge of Laws and Regulations
  • Organisation
  • Strong Attention to Detail
  • Writing

Working conditions

Financial Brokers work indoors in an office setting; they may work in a small office or in a larger office building, depending upon their position. Their work is highly stressful because of the large financial exchanges and the constant market fluctuations. Because of the nature of their work, they must take precautions against injuries, such as carpal tunnel syndrome. Financial brokers generally work full-time in a regular Monday through Friday work week.

Professional associations / Industry information

Australian Financial Markets Association 
http://www.afma.com.au

Australian Securities and Investments Commission
http://www.asic.gov.au/

Financial Planning Association of Australia Limited
http://www.fpa.asn.au/

Related jobs and job titles

  • Accountant
  • Broker
  • Equities Analyst
  • Financial Broker
  • Financial Dealer
  • Financial Planner
  • Investment Adviser
  • Investment Banker
  • Merchant Banker
  • Mortgage Broker
  • StockbrokerTrader
     

Related degrees

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