What is a definition of a retail broker?


Quick Answer

A retail broker is a sales associate who works for a retail brokerage firm and is licensed to sell securities. Retail brokers typically facilitate debt and equity trades for their customers.

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Full Answer

In addition to selling securities, retail brokers may also sell other financial products, such as mutual funds, options and investment trusts. Although retail brokers at entry-level positions start out at salaries as little as $21,000 before commissions, well-established brokers often earn upwards of $140,000 a year. Because the earning potential for retail brokers is so high, competition is often fierce for available positions. A master's degree and professional certification can improve a potential candidate's chances at acquiring an available position in a firm.

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