What is a retail broker responsible for?

A retail broker primarily serves individual investors by buying or selling securities on their behalf. This role focuses on personal accounts, catering to the investment needs and goals of individual clients rather than institutional needs. Retail brokers act as intermediaries between the individual investors and the financial markets, allowing clients to execute trades, access market information, and sometimes receive advice on investment options tailored to their personal financial situations.

In contrast, the other roles mentioned involve specific functions that are not typically associated with a retail broker. Some may focus exclusively on corporate clients or institutional investors, whereas retail brokers engage with everyday consumers and their financial aspirations. This makes the understanding of a retail broker's responsibilities essential for recognizing their unique position within the financial services industry.