What are Stock Brokers

If you are looking for a successful stock broker who will help you to make profitable stock investments, first of all you need to think about your financial goals, available funds, ability to tolerate risk and your trading style.
 
The most successful equity brokers may not always be suitable for you because they usually focus on the large accounts and have little time to spare for stock investors with small amounts to invest. Do you fit in this category of investors, if so, you have been warned.
 
What type of broker service do you need?
 
If you don`t know much about the stock market or lack the time to research your stock investment options, you may need a full-service or advisory broker, who will provide advice and recommendations, based on in-house research.
 
Full-service equity brokers will analyze your investment needs and help you to determine your short-term and long-term financial goals, while keeping your risk tolerance in mind. 
 
Be prepared to pay higher brokerage with a full-service stockbroker. If you have a small amount of money for stock investing, it may not be easy to find a full service broker who is willing to handle your stock investments.
 
A discount broker will not offer advice or recommendations and will only buy or sell shares as per your orders. With a discount broker you can expect to pay lower brokerage than you would have to pay with a full-service broker. Brokerage is usually negotiable, depending on the services you require and their location.

You can get help from some local banks who can provide stocks or shares investment advice free of charge. However, the drawback is that you will normally require a bank account with the bank. Not all high street banks are sophisticated enough nor have the capacity to employ a stock broker so it might be wise that you need to make some enquiries in your locality.
 
Some banks only require you to pay a small service charge. You will get a FSA (UK) authorized personnel as your personal fund manager. He will invest on your behalf on the level of risks you are happy to take. For that added value service you only pay 3% for each investment. The fund manager will take the level of risks that you are happy with and with full consultation. It is fair to say that your money will grow more steadily unlike a normal saving account.
 
On the downside, expect to put your money aside for a longer period of time as is will prove to be a safer form of investment. You must talk about all investment options that is available at your disposable with your stock broker.
 
When you decide to sell your shares you will not have to pay commission but again you need to shop around with the high street banks. My personal recommendation is try out seeking initial advice from HSBC Bank (You must make sure you see the right person) because not only they care about your money to grow they also have a system in place which adapts to your personal financial needs.