1. An individual or firm that places securities transactions for clients.

2. A person licensed by a state to sell insurance.

3. A securities salesperson who represents a broker-dealer or issuer when selling or trying to sell securities to the investing public.


Essentially, this is the person who makes a transaction on behalf of his or her employer or client.

  1. Agency By Necessity

    A type of relationship whereby one party can make essential decisions ...
  2. Principal-Agent Relationship

    An arrangement in which one entity legally appoints another to ...
  3. Attorney In Fact

    A person who is authorized to perform business-related transactions ...
  4. Fiduciary Risk

    A type of risk that accounts for the possibility of a trustee/agent ...
  5. Payment For Order Flow

    The compensation and benefit a brokerage receives by directing ...
  6. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
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  1. Do financial advisors have to find their own clients?

    Nearly all financial advisors, particularly when new to the field, have to find their own clients. An employer may provide ... Read Full Answer >>
  2. Do financial advisors get drug tested?

    Financial advisors are not drug tested by any federal or state regulatory body. This means you may receive your Series 6, ... Read Full Answer >>
  3. Is a financial advisor required to have a degree?

    Financial advisors are not required to have university degrees. However, they are required to pass certain exams administered ... Read Full Answer >>
  4. Do financial advisors have to be licensed?

    Financial advisors must possess various securities licenses in order to sell investment products. The specific products an ... Read Full Answer >>
  5. Do financial advisors need to meet quotas?

    Most financial advisors are required to meet quotas, particularly if they work for firms that pay base salaries or draws ... Read Full Answer >>
  6. Does a financial advisor need an MBA?

    Obtaining a license as a financial adviser does not require an Master's of Business Administration (MBA) degree. The Certified ... Read Full Answer >>

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