We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Client Centric Aproach for Brokerage Business - Essay Example

Comments (0) Cite this document
Summary to essay on topic "Client Centric Aproach for Brokerage Business"
Doing business in today's world is complex as well as difficult as it demands continuous improvement and change in the management practices and processes so that not only competition is successfully met but company can also ensure its long term future. In doing so, a firm, whether small or large need to focus on some important elements of doing business including bettering its customer service focus as well as other related activities.
Download full paper
Polish This Essay
Client Centric Aproach for Brokerage Business
Read TextPreview

Extract of essay "Client Centric Aproach for Brokerage Business"

Download file "Client Centric Aproach for Brokerage Business" to see previous pages... For business such as brokerage firm, it becomes more important that they should evolve and embarrass client centric approach because by building long term relationships, the firms can achieve the necessary breadth and focus on its customers to achieve strategic superiority but also gain necessary competitive advantage over their competition.
Let us write or edit the essay on your topic "Client Centric Aproach for Brokerage Business" with a personal 20% discount.. Try it now

It is therefore very critical that the firms involved in business which requires different and potentially sensitive relationships with the clients, a client centric approach would be a viable and effective alternative to achieve the strategic objectives. However, such approach require a collaborative approach since engaging with the client from the initial stages of registering as a client to the process of conducting business through the brokerage firm requires a very focused strategy to develop effective relationships with the clients.
This paper would attempt to understand and analyze how the client centric approach would allow a brokerage firm to gain client assets/share of wallet. The focus of this paper will be two fold. First it would discuss what the client centric approach is and secondly its application on the brokerage business will be studied.
A brokerage firm acts as an intermediary between the buyer and the seller, typically in a stock market. Due to peculiar nature of the stock exchange functioning, there is a greater need for the financial intermediaries who play the role of a link between the buyers and the sellers so that the exchange against some consideration can take place.
A discount broker is a person who carries out the business of buying and selling at much reduced commissions and fees etc. The purpose of the stock broker therefore is to address that segment of the market which could not otherwise afford the usual high rates of the brokerage firms which provide similar services. In doing so, firm tend to attract bulk of the small investors especially who due to lack of capital. The focus of such investors therefore always remains on reducing the transaction costs so that they can maximize their profits.
Firms offering such services therefore tend to be generalized in nature as they offer services which are hardly differentiated therefore such firms need to develop their specialties based on pricing as well as non-pricing factors. Since such types of firms are offering discount services therefore they are already leading in that area however, non-pricing factors include the use of different and innovate means of attracting and maintain customers. Being client centric is one such mean through which such type of firms attempt to attract clients.
In order to assess the client centric approach being adopted by discount broker firm, we must also understand as to how the discount firms perform their jobs. Discount firms do not offer advice to their clients and simply sell out whatever you have therefore this reduces their spreads and offer services which are discounted. It is also argued that the discount brokers are used by the experienced investors who can do their own research and only ...Download file "Client Centric Aproach for Brokerage Business" to see next pagesRead More
Cite this document "Client Centric Aproach for Brokerage Business"
  • APA
  • MLA
(“Client Centric Aproach for Brokerage Business Essay”, n.d.)
Client Centric Aproach for Brokerage Business Essay. Retrieved from https://studentshare.org/miscellaneous/1509826-client-centric-aproach-for-brokerage-business
(Client Centric Aproach for Brokerage Business Essay)
Client Centric Aproach for Brokerage Business Essay. https://studentshare.org/miscellaneous/1509826-client-centric-aproach-for-brokerage-business.
“Client Centric Aproach for Brokerage Business Essay”, n.d. https://studentshare.org/miscellaneous/1509826-client-centric-aproach-for-brokerage-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC "Client Centric Aproach for Brokerage Business"
Net-Centric Computing
This is done through high speed network connections and low cost terminals to access the virtually portable applications running on multiple platforms. The concept resembles the early computing age of centralized data and services and mainframe computers.
3 Pages(750 words)Essay
Client brief
Client brief Background of the Organization The organization Muscular Dystrophy Western Australia was formed during 1967 through the joint efforts of parents of children suffering from muscular dystrophy in close coordination with the Rotary Club situated in West Perth and Dr.
11 Pages(2750 words)Essay
Personal finance: Life cycle aproach
It is also a tool explaining consumers’ patterns, which are crucial in financial budgeting. Knowledge of the patterns associated customers helps the business in avoiding unviable investments (Shaw & Schaubroeck 2003). It makes a company offer services that attracts spending when the customer is at the spending stage and navigate together with the customer’s need in future.
3 Pages(750 words)Essay
Leader Centric Approaches versus Group-Centric Approaches
The paper centres on what different theorists articulate about the different approaches. Different organizations use different leadership styles in relation to factors such as company's culture and the work situations. Leadership style refers to the manner of giving directions, executing plans, and motivating individuals.
9 Pages(2250 words)Essay
Recommendations for a client business
Whereas this was because the attendant was sometimes attending to other guests, most of the time it was attributable to chatting, eating or being in the bathroom. This unprofessional behaviour resulted in the guests taking longer time to be allocated a table, especially when the manager or a server did not take up the responsibility.
3 Pages(750 words)Essay
Client Relationship
Customers need to make to feel that your company is for them; that their interests are the foremost goal of your organization. Excellent client management means that your clients will: buy more, even if you charge a little higher than your competitors; recommend you to colleagues and friends (word of mouth); make your firm the standard for their organization; and look to you for help in other aspects of their business.(Ferguson, 2002) Thus it is really imperative that the clients are well taken care of.
5 Pages(1250 words)Essay
Information and Network Centric Operations
Distributed networked operations envision combat being conducted by large numbers of diverse and small units-rather than by small numbers of generally homogenous, large units. In theory and to a significant extent in practice in the world, distributed networked operations involve a mixed bag of naval, ground and air units, none of which is individually as powerful as a fleet, air wing or armored division.
13 Pages(3250 words)Essay
In this case, John Doe has retained Ms. Smith to represent him in defense of a murder charge where he is guilty. During the course of the client interview and
2 Pages(500 words)Essay
United States-Centric Views Comparison
table-2 (see appendix-2). The common United States-centric viewpoints on the foretold groups, based on my opinion and my friend’s opinion are summarized below. Almost all of my opinions on Christian Americans are similar to my friend’s (see appendix 1 and 2). For
2 Pages(500 words)Essay
Client Letter
ax advantage between debt financing and equity capital formation, it is important to note that any interest that accrues as result of debt financing is tax deductible while cash flows that result from equity are not. This means that as the rate of marginal tax increases, the
3 Pages(750 words)Essay
Let us find you another Essay on topic Client Centric Aproach for Brokerage Business for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us