Transfer agent vs stock broker

Differences between transfer agent and stock 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.
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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.
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