Transfer agent vs broker

The differences between transfer agents and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $25,018 average annual salary of a transfer agent.

The top three skills for a transfer agent include customer service, inbound calls and outbound calls. The most important skills for a broker are brokerage, financial services, and insurance products.

Transfer agent vs broker overview

	Transfer Agent	Broker
Yearly salary	$25,018	$124,861
Hourly rate	$12.03	$60.03
Growth rate	10%	5%
Number of jobs	28,396	2,770
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 66%
Average age	43	49
Years of experience	6	-

Transfer agent vs broker salary

Transfer agents and brokers have different pay scales, as shown below.

	Transfer Agent	Broker
Average salary	$25,018	$124,861
Salary range	Between $18,000 And $33,000	Between $68,000 And $227,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Child Guidance & Family Solutions
Best paying industry	-	Insurance

Differences between transfer agent and broker education

There are a few differences between a transfer agent and a broker in terms of educational background:

	Transfer Agent	Broker
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	University of Southern California

Transfer agent vs broker demographics

Here are the differences between transfer agents' and brokers' demographics:

	Transfer Agent	Broker
Average age	43	49
Gender ratio	Male, 42.3% Female, 57.7%	Male, 63.8% Female, 36.2%
Race ratio	Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.6% White, 66.8% American Indian and Alaska Native, 0.2%	Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	6%	13%

Differences between transfer agent and broker duties and responsibilities

Transfer agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Adhere to FDCPA regulations, federal, state and local law provisions.
Research inquiries and provide appropriate feedback including company policies, IRS regulations and compliance requirements.
Provide information to clients on Fidelityproducts, services, operational procedures, including 401k, transaction and NAV quotes.
Answer complex financial inquiries including, fund and market performance, taxation (cost basis, IRS forms, etc.
Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.

Broker example responsibilities.

Manage, lease and sell office condominiums on site.
Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
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Transfer agent vs broker skills

Common transfer agent skills

Customer Service, 27%
Inbound Calls, 13%
Outbound Calls, 12%
TA, 6%
Debt Collection, 6%
Transferring Calls, 3%

Common broker skills

Brokerage, 17%
Financial Services, 9%
Insurance Products, 7%
Risk Management, 6%
Client Relationships, 6%
Real Estate Transactions, 5%