All correspondence from the broker goes to the club agent. One of the first decisions clubs have to make is the type of broker to employ. A full-service broker is one who makes stock recommendations and advises clients on financial matters. Full-service brokers' fees are usually higher than discount brokers. Discount brokers do not offer investment recommendation advice.
Some clubs have accounts with both types of brokers.
Since clubs do their own research and participate fully in which stocks are purchased or sold, discount brokers are probably the best value for investment clubs. First and foremost, realize that brokers are salespeople. Since your club will be researching and choosing investments, you may want to choose a discount broker whose only job is to execute the order. Discount brokerage fees are less than the full-service brokers who make recommendations and execute the order. With the advent of online computer services, you may be able to find electronic discount brokers with fees even lower than your local discount broker.