Private client broker: Difference between revisions
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imported>John Grout (To add "private client broker", the abbreviation PCB and mention "institutional broker".) |
imported>Doug Williamson m (Standardise abbreviation presentation.) |
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PCB | (PCB). | ||
A private client broker is a stockbroker whose clients are predominantly private individuals in contrast to an institutional broker's clients that are mainly institutions. | A private client broker is a stockbroker whose clients are predominantly private individuals in contrast to an institutional broker's clients that are mainly institutions. | ||
Revision as of 20:12, 3 April 2014
(PCB).
A private client broker is a stockbroker whose clients are predominantly private individuals in contrast to an institutional broker's clients that are mainly institutions.
A PCB may offer an "execution only" service in which the client takes all portfolio decisions. The PCB might offer an advisory service in which it supplies information to the client but the client still takes all decisions.
PCBs often also provide a discretionary service, managing clients' portfolios on their behalf - rather as a fund manager might for larger portfolios.
