What Is A Broker?

Patrick Curtis

Reviewed by

Patrick Curtis WSO Editorial Board

Expertise: Investment Banking | Private Equity

A broker is an intermediary who performs orders on behalf of a client, and takes a fee for doing so (regardless of whether the trade is profitable or not). Brokers usually have fixed trade commissions.

There are individual stock-broking companies who perform the relevant services on behalf of anybody, and these typically offer lower commissions than their counterparts within investment banks or trading houses, but also offer less direct access to the markets and offer less varied products and services.

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Patrick Curtis

Patrick Curtis is a member of WSO Editorial Board which helps ensure the accuracy of content across top articles on Wall Street Oasis. He has experience in investment banking at Rothschild and private equity at Tailwind Capital along with an MBA from the Wharton School of Business. He is also the founder and current CEO of Wall Street Oasis. This content was originally created by member WallStreetOasis.com and has evolved with the help of our mentors.