What is stock broker & sub broker ,portfolio manager & investment advisor.

 Stock-broker & Sub-broker: 

Stock Broker is a member of stock exchange and they are intermediaries who are 

allowed to trade in securities on the exchange. They buy and sell on their own behalf as 

well as on behalf of their clients. A stock broker plays an important role in the 

secondary market helping both the seller and the buyer of the securities to enter into a 

transaction. When executing an order the stock broker may on behalf of his client buy or 

sell securities from his own account i.e. as principal acts, as an agent.


Sub-broker means any person not being a member of stock exchange who acts on behalf 

of a stock broker as an agent or otherwise for assisting the investors in buying, selling 

or dealing in securities through such stock brokers.

                                                          


A sub-broker is one who works along with the main broker and is not directly 

registered with the stock exchange as a member. He acts on behalf of the stock broker as 

an agent or otherwise for assisting the investors in buying, selling or dealing in 

securities through such stock brokers


Portfolio Manager: 

Any person who pursuant to contract or arrangement with the client, advises or directs 

or undertakes on behalf of the client, the management or administration of a portfolio of 

securities or the funds of the clients, as the case may be.


A portfolio manager plays an important role in deciding the best investment plan for an 

individual as per his income, age as well as ability to undertake risks. A portfolio 

manager is responsible for making an individual aware of the various investment tools 

available in the market and benefits associated with each plan.

 Make an individual realize why he actually needs to invest and which plan would be the best for him. 

                                                      


A portfolio manager is responsible for designing customized investment solutions for the 

clients according to their financial needs.


Investment Adviser: 

Investment Adviser means any person, who for consideration, is engaged in the 

business of providing investment advice to clients or other persons or group of persons 

and includes any person who holds out himself as an investment adviser, by whatever 

name called.

                                                      


The globalization of the capital markets, the proliferation of asset classes and the 

bewildering variety of risks that the average institutional investor is confronted which 

have increased the need for the specialized expertise that investment advisers provide.

Investment advisers serve as facilitators, making sure that all clients have many 

opportunities to express their financial concerns and issues. Basically Investment 

advisers give advice and provide services related to the investment management 

process.


In order to add value, the investment adviser is called upon to apply specialized 

knowledge, experience and analytical resources to create and deliver focused advice to 

client and works to increase the investment knowledge of clients and thereby support 

the fiduciary obligations clients face in the management of their plan.


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