Pāhonoa te oro

Stockbrokers arrange stock market trades on behalf of their clients, who are investment institutions, fund managers or private investors. They may advise investors about which shares, funds or bonds they should buy or, alternatively, they may offer execution-only services, when the broker executes a trade on a client’s instruction without providing advice. Many stockbrokers now offer wealth management services to their clients and so are also referred to as wealth managers.