Brokerage Clerks Career Video
Description: Perform duties related to the purchase, sale, or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.
Video Transcript
Wading through the frenzy of the trading floor, or surrounded by computers humming miles away from Wall Street, brokerage clerks track the progress of every player in the game of high finance. Their wide-ranging responsibilities in this growing field all involve computing and recording data on securities transactions. The most common type of brokerage clerk is called the Broker's assistant or sales assistant. This clerk interfaces with clients and handles the paperwork for securities purchases and sales and other account records. They're knowledgeable about investment products and can explain them clearly. Other brokerage clerks specialize in tracking and organizing the sales and purchases of every stock, bond, commodity or other investment product offered by a securities firm. It's all managed by customized computer software. A high school diploma can suffice for brokerage clerk positions that are primarily clerical. A bachelor's degree is preferred for job categories requiring a deeper understanding of finance. Many brokerage firms hire college graduates for entry-level clerical jobs and promote them into management positions as their skills develop. This is a field that requires focus, confidence, financial savvy, communications skills and energy.