Boardroom

DEFINITION of 'Boardroom'

Besides the general definition as a meeting room in an office, in the investment community the boardroom can refer more specifically to a room used in a stockbrokerage office. The boardroom is where clients and members of the public can meet with registered representatives. They meet here to discuss investments, obtain stock quotes and place trades.

BREAKING DOWN 'Boardroom'

Board rooms usually have the latest techological equipment, such as Bloomberg terminals or other state-of-the-art quotation systems. The boardrooms at larger firms often also have large-screen TVs and other multimedia sources of business news. Some firms do not use these rooms at all, but allow clients to meet with brokers in their individual offices.

RELATED TERMS
  1. Middle Office

    The group of employees in a financial services company that manages ...
  2. Stagger System

    A method of electing a company's board of directors that puts ...
  3. Branch Office

    A location, other than the main office, where business is conducted. ...
  4. Family Offices

    Family offices are private wealth management advisory firms that ...
  5. Brown Bag Meeting

    An informal meeting that takes place over lunch. This type of ...
  6. Directors And Officers Liability ...

    Directors and officers liability insurance covers you if you're ...
Related Articles
  1. Economics

    What Does the Back Office Do?

    A financial services company’s back office provides administrative and personnel support.
  2. Financial Advisors

    How Advisors Should Prep for an Initial Meeting

    First impressions count, so prepare well for your first meeting with a client. Get to know as much as you can about the person and be ready to answer questions.
  3. Budgeting

    Top 3 Trends Affecting Private Wealth Management

    Don't miss out on high-net-worth clients because you aren't prepared for their service demands.
  4. Financial Advisors

    How to Handle Your First Meeting with a Client

    Here's what financial advisors should do in an initial client meeting to start off on the right foot.
  5. Personal Finance

    10 Tips for Conducting Effective Meetings

    Sometimes meetings are necessary, but they're often a waste of time. These ten tips can help you conduct effective, productive meetings.
  6. Your Practice

    Top Tips for Managing a Prospective Client Meeting

    These tips are essential when it comes to managing that first meeting with a prospective client.
  7. Professionals

    Manage Your Clients' Expectations

    You can't control how they react to the market, but you can help them understand the reality of the situation.
  8. Professionals

    Tips For Fitting In At Your Brokerage Firm

    Part of starting a successful career as a broker is finding the right place to work.
  9. Financial Advisors

    Advisors Need to Talk Less, Ask and Listen More

    Financial advisors spend a lot of time giving their clients advice on how to invest their money. But what they often forget to do is listen.
  10. Entrepreneurship

    Six Rut-Busting Business Moves For Brokers

    Find out how to beat a plateau and boost your sales to the next level.
RELATED FAQS
  1. What is a boiler room operation?

    In the context of investing, the term "boiler room operation" refers to the use of high pressure sales tactics to sell stocks ... Read Answer >>
  2. What exactly is a portfolio? Is it something I can carry around?

    The quick answer to this question is that a portfolio is a collection of stocks, bonds and/or other investment assets. A ... Read Answer >>
  3. Under what circumstances would I require private wealth management?

    Learn why many high-net-worth individuals may prefer private wealth management services, and understand how these firms charge ... Read Answer >>
  4. Your firm is a registered investment advisor that specializes in investment management ...

    The correct answer is b: As a professional, you must be able to recognize when clients make requests for services that are ... Read Answer >>
  5. The de Minimis clause for investment advisers means:

    A. An investment adviser must register with the state if it holds less than $25 million in assets.B. An investment adviser ... Read Answer >>
  6. How does an insurance broker make money?

    Discover how an insurance broker makes money. Insurance brokers are important in helping people find the right insurance ... Read Answer >>
Hot Definitions
  1. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  2. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  3. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  4. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  5. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center