Definition: An exchange specialist is a market maker who facilitates trading on a securities exchange, such as the NYSE. This sort of specialist is granted a monopoly in trading one or more securities on that exchange, in return for pledging to: Maintaining an orderly market in the securities that he or she trades Putting his …
Form 1099 is a key federal tax reporting document. Banks, brokerage firms and mutual fund companies are among the financial services firms that use form 1099 to report income received by their clients, such as dividends and interest. Starting in tax year 2011, form 1099 also will be used to report clients’ capital gains income …
Client satisfaction with financial firms and financial advisors, according to various internal studies conducted by the leading firms, is driven by these two principal factors: Investment performance Service Being able to deliver superior investment performance occasionally, let alone consistently, is a very difficult proposition. A distinct minority of financial advisors and money managers, normally well …