Question: How many clients does the average stockbroker have?
The legal answer to this is None. Customers are the property of the firm that holds the stockbroker's license. Even when a sales rep joins another firm and bring account with them, the accounts coming over with the firm are made the property of the new firm.
Usually when a sales rep leaves one firm to another, each and every customer must sign papers agreeing to and giving authorization to move the account to the new firm. Very seldom do all the customers service by that rep move their accounts when the sales rep moves.
Customers in this industry are not tracked by the rep servicing them, the industry only tracks the number of accounts a firm has on the books, but this number is not correct since it is the firm that supplies that information to agencies.
So to respond to your question, no one really knows how many account a stockbroker has.
Some of many brokers had up 400 accounts while others only had a little over 100. But the number of accounts is not important, what reps care about is how much commissions they generate
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