May advise securities customers about such things as stocks, bonds, and market conditions. The Securities Broker income is, to a great extent, in proportion to knowledge, initiative, energy, sales ability, and time spent in generating business. Brokers usually receive a percentage of commissions generated, which vary according to the firm, type of security sold, and total sales. A growing number of firms base compensation on portfolio performance, types of assets managed, or other indicators of performance. Evening and weekend work is sometimes necessary, especially for new brokers.
Fringe benefits vary from firm to firm.
Profit sharing, retirement benefits, and employer paid health insurance are becoming more prevalent. Moreover, the knowledge brokers gain about general economic conditions gives them an advantage in deploying their own capital. The cyclical nature of the economy can greatly affect the employment prospects for Securities Brokers. During periods of declining market values, investors are less likely to invest their funds in securities. Correspondingly, when the market is rising, and investment activity is increasing, the need for brokers is greater.