How to Become an Independent Broker

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A variety of stockbrokers are required to buy and sell a variety of products and services such as securities and commodities. Independent brokers are a type of stockbroker that typically is not a buyer for a particular firm. They carry out trades on an independent basis.

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Hey, I'm Joshua T. Osborne

In 2015, I said goodbye to 16-hour days and hauling boxes up and down stairs for a living (I was a mover). I became a full-time entrepreneur, and I made my money by helping business owners make money.

They had a need, and because of Virtual Tool Booths., I could fill it. Through the methods taught by my all-time favorite course and mentor, I created a 6-figure business in roughly 6 months. I could retire today (at 37) and never have to worry about money ever again.

Because of Virtual Tool Booths., I was able to quit my job, work online with flexible hours, and move to the mountains (Colorado Springs if you’re wondering)...all while helping real people improve their businesses, incomes, and lives!

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What does an independent broker do?

Independent brokers are stockbrokers that buy and sell a variety of stocks for their own accounts or for corporate accounts that they oversee. They also sell their services to floor brokers that are currently too busy to carry out all of their responsible trades. When working for a floor broker, independent brokers temporarily execute orders on the floor brokers behalf. They must closely monitor the status and trends of the market to make effective decisions for their clients. Independent brokers often market products and services to their existing clients.

What kind of training does an independent broker need?

Independent brokers need at least a bachelor degree in accounting, business, economics, or finance. Many independent brokers have a Master of Business Administration and they are often highly regarded in the field. Many aspiring independent brokers complete internships to gain practical experience and meet valuable contacts. Most employers provide intense on the job training to new independent brokers to enable them to learn the requirements of the firm. Large firms often provide classroom instruction on effective speaking, selling practices, and securities analysis. Independent brokers must register as firm representatives with the Financial Industry Regulatory Authority (FINRA). Registration requirements include minim experience and passing the Series 7 Examination. Majority of states also require the Series 63 or 66 Examination. Many independent brokers also gain professional certification to remain competitive in the field. Independent brokers must stay up to date with new products and services and advancements in the field. They often complete continuing education and attend training seminars and conferences throughout their careers.

What are the prospects for a career as an independent broker?

Employment of independent brokers is expected to grow about as fast as average for all professions, increasing 9% from 2008 to 2018 (1).

Job prospects are expected to be good with strong competition. Independent brokers with advanced education and professional certification as well as extensive experience will have the best job opportunities.

How much do independent brokers make?

As of January 2010, the average annual salary for independent brokers is $78,000; independent broker salaries vary greatly on location, employer, education, experience, and benefits (2).

A career as an independent broker is a great choice for people interested in performing buying and trading tasks on an independent basis. Independent brokers must have a solid understanding of a variety of buying and selling techniques and knowledge of a variety of products and services. Assertiveness, self-confidence, determination, desire to succeed and good decision-making are essential characteristics. Independent brokers must have excellent communication and interpersonal skills and the ability to work with a variety of clients.

Joshua T Osborne

Founder/CEO – Mr. & Mrs. Leads

$84K Per Month providing Toll Booth Leads to small business owners all over the United States. 

Degreefinders.com is for anyone who is looking to get out of the daily corporate grind and provide a better lifestyle for themselves and their families while bringing massive value to small business owners. 

You can learn more here.

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