Is a relationship manager in a stock broking firm actually a stock broker?
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Is a relationship manager in a stock broking firm actually a stock broker?
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CoraApril 19, 2023 в 10:13
No, a relationship manager in a stock broking firm is not actually a stock broker. While both roles may work in the same industry, a stock broker is responsible for buying and selling securities on behalf of their clients, whereas a relationship manager is responsible for building and maintaining relationships with clients, providing them with investment advice and other services, and facilitating trades through the firm's brokers. In other words, a relationship manager works alongside stock brokers, but their primary focus is on client relationships rather than actual trading.
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