Wednesday, April 03, 2024 2:34:03 AM
WCVC Why Schwab and Interactive Brokers Want Your Shares
"House Accounts" of Brokerages Explained
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NEVER SURRENDER
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According to Charles Schwab Brokerage
Any Revoked Shares of a Client,
given (Sold) to Schwab for $1.00
because they can't be Sold on the Open Market,
Schwab takes those shares
and moves them into their "House Account",
which is an Account that Schwab owns.
Schwab
takes 'Ownership' of the shares,
and will Sell them,
should those shares be able to Trade again
on the Open Market.
_________________________________________________________________________
What is a House Account ?
A house account is
typically established by a brokerage firm to manage its own investments
A high-priority account at a brokerage firm
that is handled by the main office or an executive rather than a salesperson.
Brokerages designate house accounts
to be overseen by top executives at their headquarters,
ensuring seasoned oversight of critical investments.
The term adapts to describe
the strategic management
of accounts in various markets.
Expert-backed
these accounts
shape investment strategies
within brokerage firms.
A brokerage firm may decide
to invest its own profits
in a financial market.
The firm will use its own staff and technology
to buy and sell securities
held in its own name.
For administration purposes,
these transactions
will be carried out in a separate account
known as the house account.
The term indicates that
an account is judged important enough
to be handled by the central office management team
rather than by the sales representative.
A house account
which is carried out in the main office
and usually overseen by senior staff or even a company executive.
https://www.smartcapitalmind.com/what-is-a-house-account.htm#:~:text=A%20house%20account%20is%20most%20commonly%20an%20account,refer%20to%20the%20way%20an%20account%20is%20managed.
___________________________________________________________________________
"House Accounts" of Brokerages Explained
________________________________________________________________________
NEVER SURRENDER
________________________________________________________________________
According to Charles Schwab Brokerage
Any Revoked Shares of a Client,
given (Sold) to Schwab for $1.00
because they can't be Sold on the Open Market,
Schwab takes those shares
and moves them into their "House Account",
which is an Account that Schwab owns.
Schwab
takes 'Ownership' of the shares,
and will Sell them,
should those shares be able to Trade again
on the Open Market.
_________________________________________________________________________
What is a House Account ?
A house account is
typically established by a brokerage firm to manage its own investments
A high-priority account at a brokerage firm
that is handled by the main office or an executive rather than a salesperson.
Brokerages designate house accounts
to be overseen by top executives at their headquarters,
ensuring seasoned oversight of critical investments.
The term adapts to describe
the strategic management
of accounts in various markets.
Expert-backed
these accounts
shape investment strategies
within brokerage firms.
A brokerage firm may decide
to invest its own profits
in a financial market.
The firm will use its own staff and technology
to buy and sell securities
held in its own name.
For administration purposes,
these transactions
will be carried out in a separate account
known as the house account.
The term indicates that
an account is judged important enough
to be handled by the central office management team
rather than by the sales representative.
A house account
which is carried out in the main office
and usually overseen by senior staff or even a company executive.
https://www.smartcapitalmind.com/what-is-a-house-account.htm#:~:text=A%20house%20account%20is%20most%20commonly%20an%20account,refer%20to%20the%20way%20an%20account%20is%20managed.
___________________________________________________________________________
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