What is an Independent Financial Broker
Independent financial broker, also known as independent investment advisor, is a type of broker that does not work for any one company. They make their living by selling stocks and bonds on behalf of many different companies to individuals who want to invest in the market.
Independent financial brokers do not have any type of loyalty to one company, which makes them a valuable resource for people who are looking to invest their money.
An Independent Financial Broker is an individual that provides investment advice and securities brokerage services on behalf of multiple different companies in the industry without having exclusivity or signing non-compete agreements with any particular company. As such, they offer clients many opportunities for diversification as well as options when it comes time to make decisions about where investments should head next.
Their role isn’t limited solely to stocks and bonds either; independent financial advisors also provide guidance related to insurance portfolios, retirement planning, mutual funds and so much more!
In some cases these professionals may work directly out of a brokerage firm, while in other cases they may work independently.
In some situations the independent advisor will be working out of a private office space at one company’s headquarters; however there are also instances during which these professionals work on their own and operate as individual contractors without having ties to anyone particular organization whatsoever.
As stated previously, compensation plans can vary depending on how the relationship between client and advisor is structured. However in some cases advisors may be paid a flat fee per consultation, while others are paid through commissions based on the transactions they complete for clients.
Individuals should also keep in mind that independent investment advisors provide services related to insurance portfolios and retirement planning as well so there’s no shortage when it comes time to make decisions about what’s in store for the future.… Continue Reading