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Introducing Broker

Categories: Careers, Mutual Funds

Sort of a schmoozing broker.

Most brokers are handling client accounts. They answer phone calls from clients who want to buy or sell, or who know why their investments are not making them money.

An introducing broker doesn't do all the dirty work. Instead, they know lots of rich investors. For a commission or a flat fee, they send them to brokers who need more clients. 

Find other enlightening terms in Shmoop Finance Genius Bar(f)