A middleman for selling insurance policies.
These guys and gals sell a wide variety of insurance policies from insurance companies to insurance brokers.
Vince wants to buy an insurance policy for his pet monkey. He calls his brother, Jonny, who is an insurance broker. Jonny doesn’t know of any policies that insure pet monkeys, so he calls his friend, Eric, who is an insurance broker. Eric tells Jonny that he'll do some research, and then calls his husband, Turtle, who is a brokerage general agent. Turtle is able to suggest a pet life insurance policy that his firm, Ari Insurance, offers...and that entire entourage wasted money.
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Finance: What is a Broker-Dealer?16 Views
Finance a la shmoop.. what is a broker-dealer? It's one of [Homeless guys holding help signs]
these guys who's making less than minimum wage right no that'd be a broke
dealer and you won't find too many of them in Lake Tahoe but yeah a broker is [Man talking about broker-dealers in Lake Tahoe]
just someone who takes a commission for selling stuff they live wherever there
are transactions in cars, boats, planes, homes and securities like stocks and
bonds so yeah it's a broker - dealer sort of like a writer-director
sexual deviant in Hollywood... Key takeaway here the broker dealer brokers
securities ie they take a commission and they deal in securities like they carry [People playing blackjack]
their own inventory of ten million shares of Amazon this week's selling
them for twelve hundred ninety dollars and 32 cents a share and buying them for
twelve hundred eighty eight dollars seventy nine cents a share making a
spread of...
equals a dollar fifty-three a share the dealer makes a spread of a buck fifty [Dealer and market transferring cash and stock]
three every time she trades a share of the Walmart killing behemoth yeah it's
sort of a Goliath slaying Goliath story there that Amazon Walmart thing we're
watching it so think about broker-dealer making money on both sides of the trades
that's the way to go if you're going to Wall Street make money no matter what [Man walking on Wall Street]
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