definition
strict definition
brokerage
A place where professional brokers execute trades in stocks and other securities for customers.
A brokerage is a place dedicated especially to sales and transfers of stocks and other securities on behalf of customers. It is operated by professional brokers, often with a broker's license.
The premises specialize in transactions involving stocks and other securities on behalf of customers. The focus is the execution of those transactions.
A financial advisor office specializes in advice and investment planning, although it may also offer brokerage. Advice alone does not establish a dedicated brokerage location.
Related definitions
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bank branch
A retail banking site where customers can access their accounts and receive basic financial services. -
credit union
A place where a cooperatively owned institution offers bank-like financial services to its members. -
currency exchange
A site for conversion between different currencies and other simple financial services. -
financial advisor
A retail or customer service branch specializing in investment planning and financial advice. -
insurance branch
A retail office where insurer representatives or independent brokers sell, renew, and service insurance policies. -
loan office
A retail branch specializing in offering loans to customers, without additional banking services. -
tax preparation office
A retail office where customers can meet accountants or other professionals to have their tax forms prepared.