Definition

1. Noun:
   • A firm or company that acts as an intermediary in buying and selling securities, commodities, or other assets on behalf of clients: A brokerage house is a financial institution that facilitates transactions between buyers and sellers for a commission or fee. It provides a platform for trading and often offers related services like investment advice and research.

Examples of Usage

• Noun:
  • She works for a large brokerage house on Wall Street.
  • The investor placed his stock trade through a reputable brokerage house.
  • Many online brokerage houses now allow clients to trade with low fees.

Advanced Usage

• "full-service brokerage house": A firm that provides a wide range of services including investment advice, research, retirement planning, and tax guidance, typically for higher fees.

  • High-net-worth individuals often prefer a full-service brokerage house for personalized advice.

• "discount brokerage house": A firm that executes buy and sell orders at a reduced commission rate but typically does not provide investment advice or personalized service.

  • Active traders frequently use a discount brokerage house to minimize transaction costs.

Variants and Related Words

• Brokerage (n): The business or service of acting as a broker; also used as a shorter term for a brokerage house.

  • He works in the brokerage industry.

• Broker-dealer (n): A person or firm that acts as both a broker (agent for others) and a dealer (principal trading for its own account), a common structure for a brokerage house.

  • The firm is registered as a broker-dealer with the SEC.

Synonyms

• Brokerage firm: A company that buys and sells shares and other securities for its clients.
• Securities firm: A business specializing in trading investment securities.

Related Phrases

• To open an account with a brokerage house: The process of establishing a formal relationship with a firm to begin trading.

  • Before you can invest, you need to open an account with a brokerage house.

• Brokerage house analyst: A professional employed by the firm to research companies and make investment recommendations.

  • The brokerage house analyst issued a "buy" rating on the technology stock.

Noun

1. place where a broker conducts his business