Definition

Noun: A registered representative is a licensed professional who is authorized to manage a client's account and execute transactions on their behalf within a regulated financial services industry, such as a brokerage or securities firm. This individual is registered with and overseen by regulatory bodies.

Usage

A registered representative acts as the primary point of contact and advisor for a client's investments or account. They must pass qualifying exams and be registered with regulatory authorities like FINRA (Financial Industry Regulatory Authority) in the United States.

Examples

• Before giving investment advice, the registered representative must understand the client's financial goals and risk tolerance.
• All trades for my portfolio are executed by my registered representative at the brokerage firm.
• To become a registered representative, one must pass the Series 7 examination.

Advanced Usage

• "Series 7 registered representative": Specifies a representative who has passed the General Securities Representative Exam (Series 7), granting a broad range of securities trading permissions.
• The term implies a fiduciary duty in certain contexts, meaning the representative is legally obligated to act in the client's best interest.

Variants and Related Words

• Account Executive (AE): A common synonym used in brokerages.
• Broker: A more general term for a person who buys and sells assets; a registered representative is a type of broker.
• Financial Advisor: A broader title that may include registered representatives but also encompasses other financial planning roles.
• Investment Representative: Another similar title used within the industry.

Synonyms

• Stockbroker
• Account Representative
• Securities Agent

Related Phrases

• "Registered with FINRA": A key phrase describing the mandatory regulatory status of a representative.
• "Agent of the broker-dealer": Describes the representative's legal relationship with their employing firm.

Noun

1. someone in charge of a client's account for an advertising agency or brokerage or other service business