Transfer agent vs floor broker

The differences between transfer agents and floor brokers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a transfer agent and a floor broker. Additionally, a floor broker has an average salary of $70,084, 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 floor broker are customer orders, NYSE, and order flow.

Transfer agent vs floor broker overview

	Transfer Agent	Floor Broker
Yearly salary	$25,018	$70,084
Hourly rate	$12.03	$33.69
Growth rate	10%	10%
Number of jobs	28,396	18,097
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 82%
Average age	43	43
Years of experience	6	6

Transfer agent vs floor broker salary

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

	Transfer Agent	Floor Broker
Average salary	$25,018	$70,084
Salary range	Between $18,000 And $33,000	Between $41,000 And $117,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between transfer agent and floor broker education

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

	Transfer Agent	Floor Broker
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 82%
Most common major	Business	Finance
Most common college	Stanford University	University of Pennsylvania

Transfer agent vs floor broker demographics

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

	Transfer Agent	Floor Broker
Average age	43	43
Gender ratio	Male, 42.3% Female, 57.7%	Male, 89.7% Female, 10.3%
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, 5.8% Unknown, 4.1% Hispanic or Latino, 12.2% Asian, 10.2% White, 67.4% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between transfer agent and floor 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.

Floor broker example responsibilities.

Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Specialize in both equities and list option trading.
Participate in stock index futures arbitrage program between NY and Chicago.
Trade proprietary money for commodities clearing house in all commodities and equities markets.
Well verse in the pricing and valuation of derivative securities with a strong knowledge of mathematical and statistical analysis.
Arbitrage duties: receive, collate, and process orders from firms and traders that brokers execute in the pit.

Transfer agent vs floor broker skills

Common transfer agent skills

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

Common floor broker skills

Customer Orders, 16%
NYSE, 14%
Order Flow, 13%
Client Relations, 6%
Institutional Clients, 5%
Market Trends, 4%

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Transfer Agent
Transfer Agent vs Floor Broker

Updated January 8, 2025

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