Stockbroking is a service which gives retail and institutional investors the opportunity to buy and sell equities.
A stockbroker is a professional who executes buy and sell orders for stocks and other securities on behalf of their clients and firm.
Stockbrokers work on behalf of your investment firm, generally earning a commission for selling stocks, bonds, and mutual funds to investors.
Jersey is home to both international and locally founded stockbrokers managing the affairs of a number of wealthy clients, institutions and corporates specialising in equity, fixed interest investments and securities. They are generally dealing with very large sums of money, so precision and attention to detail are vital.
One of the most important parts of the job is building relationships, earning the trust of clients and following the markets both domestically and globally with an expert eye.
- An interest in financial markets
- Excellent communication and interpersonal skills, including strong negotiating skills
- The ability to operate in a lively and fast-paced environment
- Strong numeracy skills
- Analytical and research skills
- Project and time management skills
- Presentation skills
- Assertiveness and problem-solving ability
- IT competence
- Relevant degree
- ACA qualification
- Association of Chartered and Certified Accountants (ACCA) qualification
- Chartered Financial Analyst (CFA) qualification
- Chartered Institute of Management Accountants (CIMA) qualification
- Investment Management Certificate (IMC) qualification
There are three different types of Stockbroker:
- Discretionary (managing investments and making decisions for clients)
- Advisory (providing tips)
- Execution only (not providing advice but carrying out clients’ requests to buy and sell)