Within the structure of a brokerage firm, there are several functions each performed by different positions or departments that contribute to the success of the firm. The actual brokers sell securities and investment products to clients and sometimes carry out transactions on behalf of their clients. Financial analysts analyze different investment products, securities and even entire markets in order to identity opportunities for high returns with a low level of risk. Some of the menial work, ensuring that transactions are carried out, writing the orders for the purchase or sale of stocks or bonds, etc. are performed by brokerage clerks.

Brokerage clerks rarely if ever interact with clients. Instead, they focus entirely on the mechanics of fulfilling client orders. These mechanics used to involve a lot of paperwork, but the spread of information technology and automation has made these tasks redundant for human performers, leaving brokerage clerks at greater risk for downsizing and layoffs. Brokerage clerks can still find niches within smaller firms that cannot afford to install automated software equipment.

The work of a brokerage clerk revolves around handling the details of transactions. Depending on the size of the brokerage firm, the clerk may have a large workload. Clerical duties as applied to brokerage firms include delivering dividends, accepting and releasing securities on behalf of the client, and of course keeping records of daily transactions and account changes. This work can be overwhelming if the firm serves a large enough client list, so multiple clerks are often required.

Brokerage clerks used to be hired with only a high school diploma and the ability to perform basic mathematical calculations, but recent trends have resulted in greater demand for clerks with a degree from a two-year or four-year college. Brokerage clerks have decent wages, though nowhere near some of the higher-paying positions within a brokerage firm. A typical range is thirty to forty thousand dollars per year. Brokerage clerks have the opportunity to gain exposure to the finance world and even move up within a firm to higher-paying positions.

Brokerage company is called Broker. The brokerage allow trade for traders.

A Stock Brokerage or Stock Brokerage Firm.

Debit brokerage paid
Credit cash / bank

A brokerage firm is a complex organization that involves many different employees in meeting the needs of clients. The purpose of the firm is to broker deals between the client and the particular securities exchange the broker is connected with. For example, a stock broker firm facilitates the buying and selling of stocks on behalf of their clients. Since accessing the stock market directly is too costly for the average small or retail investor, brokerage firms exist to provide the necessary service.

The brokers themselves are the workers that actually place the trade orders for their clients. The brokers are supported by support staff of varying capacities. The daily operations of the firm create a large amount of paperwork and electronic data. Forms have to be filled out and filed, accounts have to be opened and closed, orders have to be written and sent, etc. This aspect of the work of a firm is handled by brokerage clerks.

A brokerage clerk performs clerical work on behalf of a brokerage firm. They keep the firm running smoothly by taking care of the clerical work that brokers need but cannot do because of their other duties. They keep records of daily transactions as well as holdings, write the actual orders for the purchase and sale of securities, verify the transactions of said securities, accept and deliver securities on behalf of the firm or the client, distributing dividends and making sure that the taxes of clients are in order. Obviously this is a lot of work, which is why brokerage firms tend to hire more than one clerk.

Information technology and the shift of securities dealing to the use of electronics and computer technology means that the career prospects of a brokerage clerk are endangered. There will still be jobs, but the availability is expected to decline slightly as automation becomes more prevalent. The above notwithstanding, the working conditions of brokerage clerks are usually well-lighted and pleasant, despite the stress of working for a brokerage firm.

The median salary for brokerage clerks in 2008 was around thirty-seven thousand dollars per year, although some clerks can make as much as forty-two thousand per year.