Mutual Fund Broker Job Profile and Description

November 26, 20110 Comments

The Mutual Fund Broker is basically a salesperson and can be also known as a stock broker. He or she may work as a financial advisor to the investors and the corporations also by working in financial brokerage houses and performing the financial transactions as well. He or she needs to work as a broker with a pool of stocks and bonds along with a portfolio of money market funds, stock funds and income funds. Mutual fund brokers generally serve as a link to the investors with the stock exchange. They can earn by charging commissions for their service for either a buy or sell transaction.

Duties and Responsibilities

There are the following duties and responsibilities of a security analyst which have to be fulfilled:

  • The broker has the prime responsibility to buy and sell mutual funds for individual investors, pension fund managers.
  • He or she needs to sell the funds for the companies such as banks, trust companies and insurance firms.
  • He or she has the duty to analyze the investment portfolios of clients properly.
  • He or she has to suggest the clients to buy or sell certain mutual funds to provide a whole range of other services.
  • The broker has to review and oversee the financial sources, stock and bond reports, annual reports, government economic trending and other materials.
  • He or she has to take the important decisions on the potential investments for clients.
  • It is needed to consult with the clients about the investment objectives.
  • He or she also needs to make the recommendations according to the factors such as low risk securities only, or a balance of high and moderate risk securities with long term growth potential.

Skills and Specifications

The required skills and specifications are as follows:

  • The person must have the ability to work with an eye for financial detail.
  • He or she should be able to work with the computational accuracy for money market placements.
  • He or she should have the ability to comply with the deadlines and work under pressure.
  • The person needs to have the team working skills with the interpersonal skills to establish and maintain the effective working relationships.
  • The person needs to have a firm ethical grounding not to engage in bogus brokering deals.
  • The person needs to have a moral rectitude to disclose the real score.
  • He or she should be able to work as a consultant in advising the clients about the most prudent and rewarding investment options.

Education and Qualifications

  • The basic degree required to do the job is a college degree in a business or accounting field with a strong bias in Banking, Accountancy, Financial Management and Business Administration.
  • The person needs to have the past 2-3 year of working experience in bourses and financing businesses is an asset.

 Click Here To Download Mutual Fund Broker Job Profile and Description

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