24 Hour Loans glossary of financial terms

Brokerage

A brokerage is a business that offers broker services ? i.e. they help ?broker? deals. Brokerages can act as middle-men between the buying and selling of all kinds of financial products. So, for example, you can use a brokerage to help you buy or sell shares and other investment products etc.

In general consumer terms brokerages offer a range of popular services. You can use a broker to help you find and buy a mortgage, pension, loan or insurance policy, for example. Some can get more involved in complex financial planning to help individuals maximise their money management. Most brokerages don?t just help facilitate the buying and selling process but can also be used as a source of advice. The fees associated with this kind of service will vary ? some brokerages will charge specific fees for specific actions. Some brokerages that sell certain types of financial products on behalf of specific institutions such as mortgages may, however, not charge fees to consumers if they receive commission from the companies they buy from.