Stock broker vs asset manager

Differences between stock broker and asset manager duties and responsibilities

Stock broker example responsibilities.

• Manage communication with clients regarding margin call requirements base on NYSE and NASD standards.
• Administer the purchase and sale of small cap equities trade on NASDAQ and NYSE exchanges.
• Study to pass all require FINRA testing!
• Develop and monitor all stock trading and reporting and institute guidelines for proper FINRA procedures.
• Calculate common area maintenance expenses and CPI increases and notify tenants via letter of increases.
• Generate over $200k in derivative commission revenue through full-service brokerage and execution and roughly $100K in self-direct trading commission.
Show more

Asset manager example responsibilities.

• Manage and improve the processes require to support server end of life and normal windows patching processes.
• Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
• Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
• Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
• Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
• Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.
Show more