Half Commission Man

  

Categories: Banking, Trading

It sounds like an insult from an early draft of Glengarry Glen Ross. Or the name of a newly discovered human ancestor...a name given by an anthropologist in a pay dispute with their sponsors.

In reality, it’s a term in the finance world for a person who matches clients with investment professionals. Think of a dating app, except instead of matching horny college kids, it pairs prospective investors with professionals who can guide their investments.

For this, the matchmaker gets a commission...but, as the name suggests, not a full one.

Related or Semi-related Video

Finance: What does it mean to have fiduc...51 Views

00:00

Finance a la Shmoop! What does it mean to have fiduciary obligation? Alright well

00:09

fiduciary refers to the responsible person, who has oversight, above a given

00:15

financial transaction, or process. That is, it is the fiduciary obligation, of the

00:21

head of a corporation's Audit Committee, to be certain that the

00:25

accounting process is handled fairly, objectively, inclusively and thoroughly [boss overseeing worker]

00:29

and there are a few other ly's in there, but well you get the gist. Doesn't it

00:34

seem strange, that some companies just seem to get into the same kind of

00:39

trouble again and again. Remember the BP oil spill, well it wasn't the first time

00:45

they'd had, an accident. You know, if you can call that spill only an accident.

00:49

What kind of oversight did they have? Any? Well some companies just have a [man carrying oil barrel

00:54

corporate culture that's run by the notion, that well, whatever isn't caught

00:58

as a crime, is legal. Lots of Wall Street stock brokerages came and went this

01:03

way. Yah, remember the Wolf of Wall Street? Kind of like that. Well what is

01:06

the obligation of a responsible party when faced with ethical dilemmas? Where

01:11

does the obligation start and stop? Should fiduciaries be held to a higher

01:15

personal standard than normal people? Yah, kind of the, you know, Harvey

01:20

Weinstein effect there. Yes, No, maybe, alright. Right, all three times. [question ABCD chart]

01:24

It's definitely yes, no, or maybe.

Up Next

Finance: What are Prudent Investor Rule Standards, the Know Your Client Rule and Unsuitable Recommendations?
7 Views

What are Prudent Investor Rule Standards, the Know Your Client Rule, and unsuitable recommendations?

Find other enlightening terms in Shmoop Finance Genius Bar(f)