How do financial advisors handle their clients' transactions?

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Mar 22, 2017 6:47 pm

Could someone explain what happens, for example, when a client asks their Merrill Lynch advisor to buy shares of a Vanguard index fund for their portfolio? Does the advisor send Vanguard money from the client's brokerage account at Merrill in exchange for shares?

How about if the client wants to buy a stock? Does the advisor have to contact a broker-dealer? Or does the advisor act as the broker and buy them directly from the market for the client.

I know these questions are easily answered, but I can't find good resources online for how an advisor handles trades on a client's behalf.

Thanks for the help!

May 12, 2017 10:54 pm

You should be more concerned with "how do financial advisors get new clients" !!! Haha. Handling clients is a lot easier when you have a full pipeline of new buseinses coming in the door. You must prospect and always have new business to be successful. I will teach you how. Tons of free stuff. Also a guide with scripts exaclty what to say.

Bottom line, learn everything there is to know about selling. And implement SuperNova. Which I tell you how to do at my blog

good luck!!!