Saturday, December 25, 2010

Broker

A broker is a firm or an individual at a firm which buys and sells units/shares in mutual funds (as well as other securities). A broker is just one of a few ways by which investors can gain access to mutual funds. Investors should weight the costs and benefits of using brokers e.g. access to range of funds, research services, etc.

Synonyms: Broker/Dealer, Dealer, Adviser, Mutual fund salesperson
 
Comments?
If you have any questions, or disagree with the definition, or if you have anything to add then please do add your comments in the box below.

No comments:

Post a Comment